About this document
Critique of India by Aakanksha Malik is a document available to read on EtoBox.
Demonetization in India in 2016 aimed to curb corruption and black money, but it has failed to achieve meaningful results. The RBI annual report showed that over 98% of cancelled banknotes were returned, undermining the goal of eliminating unaccounted funds. GDP growth declined after demonetization, and the government has not demonstrated clear long-term economic benefits from the move. While increasing tax base is a positive, the costs of implementation outweighed any gains from demonetization.
- Author
- Aakanksha Malik
- Language
- EN