Cornell's Basu Says Demonetization Behind India Slowdown

The video discusses India's economic slowdown, linking it to demonetization. It highlights the unexpected return of invalidated currency, suggesting limited illicit cash. The policy's failure to address fake currency and its economic impact are examined. The need for export promotion and interest rate adjustments are proposed as solutions.

How did the government miscalculate the amount of illicit cash in circulation?

What is the speaker's view on the government's defense of the demonetization policy?

What policy prescription does the speaker suggest to address the economic slowdown?