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Economic Emergency In India And What Does That Mean For The Common People – Countercurrents
At the stroke of midnight November 9, 2016, Prime Minister of India, Narendra Modi imposed an undeclared economic emergency on India. With a stroke of pen he wiped out Rs 15 lakh crores in cash from the system. What prompted this drastic step? What will be the fall out of the action for Indian economy is a billion dollar question.