If India's economy is substantially whiten then demonetisation will be remembered at the act of the begin of the process

Shock Therapy can work even in India but not without him leaving someone burn marks.

The world bank latest Indian development upgrade attempt to make another assemblance length of impact of the Narendra Modi government demontisation experiment.

It does not see a way from saying that D monitization caused considerable this stress among informal sector worker in general.

But it is General conclusion is that notebandi had many more pluses then - is. And its negative fallout was Limited..

Part of the reason for this however simple block in normal monsoon help question the rural economy.

The report interestingly look at him velocity of M1 on money supply , a way to measure the number of transactions in cash bank accounts and normal places people keep their money.

The velocity sale from 5.7 to 5.6 between the last quarter of 2016 and the second quarter of 2017.

This would be expected but the fall was remarkably small indicating that the national inclination for Jugaad found a ways around the lack of physical banknotes.

The bank predict a circle around in velocity in the coming quarters.

The report repeats what are the studies have shown that India GDP growth rate was at 7. 3% in the first half of fiscal year and dropped in one third of 1%. In the second half.

However like everyone else who has come out with such a figure the bank admit it has no clear means to calculate the impact on the informal sector.

But certain parts of the formal economy proved quite resilient air travel by the urban middle classes was Holi untouched by notebandi.

they are all Close To the degree of turmoil in the informal sector.

Demand for jobs in the formal sector by February for example match the entire demand of 2016.

This is a clear sign of how many jobs were lost during demonetisation.

However this also underlines a key advantage of demonetisation at least if it is merged with widespread digitisation of financial transaction.

It is helping push India out of the shadow of its black economy.

Normalisations of economy has number s gainsight it means better wages and condition for the worker, greater revenue for government list corruption and transparency and higher productivity investment level overall.

There were many who is speak in favour of informal sector but the poor man's economy has crucial flaws.

Because Arpita statistic productivity and Technology levels it keeps its inhabitants in poverty.

If India's economy is substantially white and demontisation will be remembered as the act that begin the process.

We should be thankful to every Indian citizenship a prime minister to implement search initiative two dominant black money.