The undoing of doing business in India

This worsening state of doing business in India actually explains why the central government has even risked souring relations with the country's central bank

If the Bharatiya Janata Party were to lose its majority even as the principal opposition, the Indian National Congress, doubles (at the very least) its Lok Sabha tally in the 2019 general election — both scenarios that look terribly likely as of now — one would have to unhesitatingly look back at the ill-fated, primarily because it was remarkably ill-thought out, announcement of demonetisation of 86 per cent of India’s currency exactly two years ago. It was a secular disaster in that it did not distinguish between one Indian and another. But this only made the move quite regressive because