Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: Strong economic growth to remain local, Shumita Sharma Deveshwar, 15 Jun 2017
* India: Return of cash bodes ill for tax revenues, Amitabh Dubey, 1 Jun 2017
* India: GST rollout threatens supply disruptions, Shumita Sharma Deveshwar, Amitabh Dubey, 25 May 2017
* India: Political decisions will disrupt reform, Amitabh Dubey, 18 May 2017
* India: Headline GDP obscures unbalanced growth, Shumita Sharma Deveshwar, 4 May 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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