India demonetisation fails to purge black money
No scheme can eliminate the evils 100%. However, overall it had pretty strong positive impact on economy. Many of the roadside merchants who used to be exclusively cash only, have started accepting dizital payments. All those on-record transactions are now part of formal banking system, instead of earlier don&#x27;t-bother-about-tax approach.<p>Combine this with the recent roll out of GST, we are on a very progressive path and with good momentum.