One year of demonetisation: Changing goal posts and limited impact

Based on the presentations made by several companies dealing with consumer-related products - consumer goods, automobile, real estate - the shadow of disappearing currency had left its imprint till June 2017.

The government’s move to demonetise high-value currency, announced on November 8, 2016, was meant to root out unaccounted wealth, stem terror financing and curb counterfeiting. It has been argued that the move did more harm to the economy than good. A year after Modi's announcement, Madan Sabnavis decodes the economic impact of  demonetisation in this piece for Business Standard.

Demonetisation was an attempt to address issues like black money, terror funding and counterfeit currency. Somewhere along the way, the goal post changed to digitising the economy to leave a better audit trail. Even as it caused a lot of