Analysing The True Impact!

November 8, 2016, was a landmark day for India with the unexpected announcement of demonetisation at 8 PM, which came into effect from midnight. Opinions were sharply polarised on the merits and demerits of this controversial exercise. One year down the line, S Alam explores its impact and how it has changed the game.

The last twelve months have witnessed a remarkable change in the economic policy of the nation. The two major changes - the demonetisation of high value currency notes in November 2016 and the vacillating roll-out of the Goods and Services Tax in July 2017 - have been contentious issues, both in business and politics. Both policies have also been held responsible by major institutions and industries as contributing to the slowdown in the growth of the nation’s economy, however, many believe this to be a temporary set-back before its full benefits are realised. It is already clear that these shifts in policy have presented industries and regular people with equal, albeit different obstacles in their day-to-day operations. However, the systemic impact of these changes is only now coming into a clearer view.

MACROECONOMIC IMPACT