Takshashila Discussion Document - India's Currency Reform 2016

Economic Policy
Written By

Executive Summary

The recent withdrawal of Rs 500 and Rs 1000 denomination notes as legal tender has evoked various responses. On one hand, the government's stance is that this will reduce a large portion of unaccounted money (also popularly known as black money), and on the other, the move has resulted in an inconvenience to the general population.

Amidst wide coverage of the reform and different opinions circulating in news circles, the Currency Reform Analysis 2016 presents an unbiased view of the facts of the reform and looks at potential ways this could play out in the near future. It presents a brief overview of some of the potential objectives which the reform could have hoped to achieve, the present conditions, and the expectations going forward.

Authors

Featured
Nitin Pai
Nitin Pai

Nitin Pai is co-founder and director of the Takshashila Institution, an independent centre for research and education in public policy. His current research includes the geopolitics of the Indo-Pacific; defence economics and the politics of radically networked societies.

Anupam Manur
Anupam Manur

Anupam Manur is an Assistant Professor at the Takshashila Institution. He was previously working as a Research Associate at the Indian Institute of Management – Bangalore, after completing his Masters in International Business (Economics) from Lancaster University.

Previous

Takshashila Discussion Document - Defamation Reforms: Going Beyond Decriminalisation
Next

Takshashila Blue Paper - India’s Coastal Security Architecture