Demonetization will adversely impact 97 percent Indians: Prof Arun Kumar

Economics professor ARUN KUMAR is one of the most widely quoted authors on black money. He has authored The Black Economy in India (Penguin, 1999) and Indian Economy since Independence: Persisting Colonial Disruption (Vision Books, 2013).

In an interview to India Legal’s Editor-in-Chief, INDERJIT BADHWAR and Associate Editor MEHA MATHUR, Prof Kumar describes how this hasty drive will adversely impact demand, employment and investments. Excerpts:

When and under what circumstances is demonetization used as an economic tool and how common is this practice worldwide?

Source – http://www.indialegallive.com/commercial/special-story/demonetization-will-adversely-impact-97-percent-indians-15912

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