Is demonetization a disaster?

Is demonetization a disaster?

On November 8th, 86\% of India’s currency was nullified in an effort to clean out “black money” and “counterfeit notes”; this effort resulted in a massive disruption to the existing social, political and economic functions of the world’s second largest emerging market.

How did demonetisation affect Indian economy?

Demonetisation lowered the growth rate of economic activity by at least 2 percentage points in the quarter of demonetization, said a working paper entitled ‘Cash and the Economy: Evidence from India’s Demonetisation. ‘

What is the current issue between India and Pakistan?

Kashmir has been the bedrock issue between both the nations and has been an unresolved boundary dispute. Terrorism, particularly targeting India which is bred on Pakistani soil is yet another major issue which has mired the relationship. Despite many positive initiatives taken,…

What has happened to Pakistan’s trade with India?

Pakistan’s exports to India were $84 million in 2003 and even at their peak in 2013, managed a modest $403 million, after which they receded to $312 million in 2015. On the other hand, the imports increased rapidly in absolute terms as trade relations moved towards normalisation.

What is the India-Pakistan relationship like?

The India-Pakistan relationship, since the creation of both the nations in 1947 has been rocky, where the nations have been involved in four wars. Kashmir has been the bedrock issue between both the nations and has been an unresolved boundary dispute.

Is Pakistan the most-favoured nation of India?

Although, India had awarded Pakistan the Most-Favoured Nation (MFN) status in 1996, the exports from Pakistan to India remained almost negligible for a number of years. Pakistan’s exports to India were $84 million in 2003 and even at their peak in 2013, managed a modest $403 million, after which they receded to $312 million in 2015.