Demonetisation: Cost Vs Benefit
Prime Minister's big post-demonetisation deadline of 50 days is coming to a close. Does this mean that people's ordeal with the currency ban will also come to an end? Will the government continue to have people's support and patience through its big bang reforms if they fail to achieve their original aim of retrieving black money? We ask, what lies ahead for India? How long will it take for India to become a cashless economy? What are the pitfalls? With a high bank dormancy rate of 43%, most Indians still prefer to make transactions through cash. Even if we are able to make that journey to becoming a cashless economy by 2020, does the government have the infrastructure to make online payments safe?
