A monetary move to strike at pain points to investment
It is, arguably, the most daring, and far reaching, economic reform ever. The demonetisation of Rs 1,000 and Rs 500 notes by the Narendra Modi government hits at the roots of several problems ailing the Indian economy and addresses many of the pain points that deter foreign investors from entering India. Just consider some of the issues that scare away all but the most intrepid of investors: A byzantine bureaucracy where unaccounted cash is usually the best lubricant Having to [...]