I think you are way off and quoting meaningless number without having any clue. What does Internet usage or Population has to do with an economic move?
There is only one number that matters and its inflation 500% as of April 2016. Venezuela is suffering from hyperinflation and scarcity.
India on other hand is going through a period of robust growth, with inflation well within limits. Even the worst projection show that the demonetisation will reduce india's growth rate from 6% to 4% for at most couple of quarters. 4% is still considered quite a good growth rate.
Actually the worst phase of demonetisation is already over. In 30 days everything will be back to normal.
My comment was simply an overview of how the situations are different between both countries.
> What does Internet usage or Population has to do with an economic move
Erm. Demonetization implies that the population either has to stop using the currency or use alternative "cashless" modes for payment. Internet usage has everything to do with it, because only a quarter of the population can realistically stop using cash in case of India.
Population is relevant because there's a physical limit on how soon the cash scarcity is fulfilled.
> India ... is going through a period of robust growth ... 4% is still considered quite a good growth rate.
Citation needed.
> quoting meaningless number without having any clue
Meaningless in which context?
--
On the other hand, in my personal opinion, any Govt. policy is flawed if it causes death of a single individual -- no matter what the intentions, what the results be. If the Gov. does not hold enough empathy and liability to consider the effects of its policies on its own population, it has failed. People are not collateral damage that it is acceptable that a couple of hundreds die. [1] [2] [3]
--
> Actually the worst phase of demonetisation is already over. In 30 days everything will be back to normal.
NITI Aayog is a government mouthpiece and not any kind of credible source on this topic. So far there is no sign of the worst of the cash crunch being over esp. in the Northern states.
And I'm pretty sure GP said "everything" will be back to normal in 30 days, not just the cash crunch.
> NITI Aayog is a government mouthpiece and not any kind of credible source on this topic.
I don't think you can brush aside broadly like that. You may have your own reasons not to believe them. Can't say can't believe them. Have to wait and watch
> And I'm pretty sure GP said "everything" will be back to normal in 30 days, not just the cash crunch.
I admit my interpretation was different and may be wrong what OP said. Only he can confirm what he meant :-).
There is only one number that matters and its inflation 500% as of April 2016. Venezuela is suffering from hyperinflation and scarcity.
http://money.cnn.com/2016/04/12/news/economy/venezuela-imf-e...
India on other hand is going through a period of robust growth, with inflation well within limits. Even the worst projection show that the demonetisation will reduce india's growth rate from 6% to 4% for at most couple of quarters. 4% is still considered quite a good growth rate.
Actually the worst phase of demonetisation is already over. In 30 days everything will be back to normal.