ISSN (Online) - 2349-8846
-A A +A

Demonetisation and the Delusion of GDP Growth

Whilst demonetisation (combined with other measures aimed at crunching the size of the black economy) will yield benefits in the long term, we highlight the fact that the move undeniably affected the gross domestic product growth rate adversely in the short term. Moreover, increased tax compliance and the advent of the Goods and Services Tax regime could make a host of informal sector businesses unviable in the future.


Subscribers please login to access full text of the article.



Subscribe Now !

Get instant access to the complete EPW archives

New 3-Month Subscription to Digital Archives at just Rs 531 for India and $18 for overseas users.


Updated On : 11th May, 2017


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top