01.02.2017 0 15 kez okundu Prime Minister Narendra Modi shocked his country and the world in November 2016 by announcing that he would fight corruption by rendering 86 percent of the country’s currency worthless. The decision wreaked havoc with India’s economy for several months, but Subramanian believes that the worst is over, now that plans for a remonetisation are in place.
“Briefly, the costs include a contraction in cash money supply and subsequent, albeit temporary, slowdown in GDP growth; and benefits include increased digitalization, greater tax compliance and a reduction in real estate prices, which could increase long-run tax revenue […]
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