Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: On the road - Modi likely to win tough poll, Amitabh Dubey, Shumita Sharma Deveshwar, 11 Dec 2017
* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017

See all our India research >>

India: Black money crackdown to hurt near-term economic growth

Overview

In an unexpected measure, Prime Minister Narendra Modi on 8 November announced that Indian higher-denomination currency notes will no longer be legal tender and must be exchanged by year-end at banks. This throws a highly cash-dependent economy into temporary disarray even though the move has long-term benefits for modernizing India’s large informal economy....

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