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The Scourge of Demonetisation*
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Nov 15th 2021, Prabhat Patnaik
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No
single economic measure in post-independence India has
been as devastating and as utterly futile as the demonetisation
of currency notes, decreed by the Modi government in
2016. That it did not achieve its stated objectives
was not unforeseen, rather it was quite obvious.
*
This article was originally published in People's
Democracy on November
14, 2021.
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