Why demonetisation will work?
Inconvenience: This is a real short-term pain but the amount of tears shed by rich people for the inconvenience of poor people and farmers would probably fill an ocean....
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
