Bibek Debroy On Notes Ban

Mr Debroy said it would take at least six months before one can come to a conclusion on the note ban's impact on the economy.

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a short answer: "Don't assume the government is stupid." He also has another health warning: "Do not assume that Indians are stupid. They will figure out ways of circumventing it (the new rules on notes), and wha...

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a simple answer: "Don't assume the government of India is stupid."

Mr Debroy said it would take at least six months before one can come to a conclusion on the note ban's impact on the economy.

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a short answer: "Don't assume the government is stupid." He also has another health warning: "Do not assume that Indians are stupid. They will figure out ways of circumventing it (the new rules on notes), and wha...

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a simple answer: "Don't assume the government of India is stupid."