Demonetization is heralding a fundamental shift for the BJP: Swapan Dasgupta

January 12, 2017 15:11

The finance minister, Arun Jaitley, was entirely right to stress the significant improvement in the government's revenue collections in recent weeks as a pointer to the fact that the so-called calamitous effects of the November 8 demonetization have been overstated. However, while the full impact of Narendra Modi's audacious ethical cleansing is yet to be fully grasped, either by economists or other policy makers, it is clear that demonetization looks set to have a profound effect on the politics of India, at least in the short and medium term. Read more

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