V. Anantha Nageswaran graduated with a master’s degree in management (MBA) from the Indian Institute of Management, Ahmedabad in 1985. He obtained a doctoral degree in finance from the University of Massachusetts in 1994 for his work on the empirical behavior of exchange rates.
On November 8, 2016, Indian Prime Minister Narendra Modi shocked the nation—and the world—by announcing his decision to “demonetize” 86 percent of India’s cash in circulation in an effort to address the scourge of black money in the country.
Given the mammoth scale and extraordinary nature of the November 2016 demonetization in India, it is almost an obligation on the government’s part to reap a wider range of economic benefits from it.
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.