India’s Demonetization Project
NOVANEWS
Economic Destabilization of an Entire Country, “A Monumental Management Failure”
By Satya Sagar
Counter Currents
It is early winter and a thick, grimy fog, black and white tinged with grey, hangs over Delhi much of the day. Morning visibility is bad, clears up a bit with a dull sun in the afternoon, before darkness descends again on the city.
A month after Prime Minister Narendra Modi announced his demonetisation policy, the gloomy weather in the national capital describes quite well the mood of the people here. Sullen but not angry, worried but not yet panicked, uneasy about the future but focused for the present on solving daily problems.
And yet somewhere deep down there is a growing feeling that we are witnessing the twilight of the Indian Republic – at least as ...