Raghuram Rajan's note against demonetisation should be made public: Montek

Indian economy for the last several years has been second only to China in terms of its growth rate, he said

Former deputy chairman of the Planning Commission, Montek Singh Ahluwalia, spoke to Karan Thapar about demonetisation, the goods and services tax (GST) and the rating upgrade by Moody’s. Edited excerpts:

On demonetisation

The finance minister is obviously keen to present the most positive picture he can think of. It’s probably been the most discussed initiative of the government, of any government for a very long time. Primarily because it was, in some sense, a very bold move, because after all, you’re taking out 86 per cent of the currency, and that’s not a marginal change. But I go along with the general