Demonetisation is for losers, says economist Steve Hanke
Criticising India’s decision to scrap high-value currency notes, noted US economist Steve H Hanke has said demonetisation is for "losers" and has been "bungled from the start". "No one, not even Modi, knows where India is heading,” he further stated. Hanke had earlier said, “India simply does not have the infrastructure to adapt to Modi’s demonetisation…he should have known.”