Government demonetisation of 95 percent of notes in circulation on 8 November 2016 has already damaged the white economy in the short term though it is good for the economy in the long term. The pain is felt across the Nation and it is felt across the all sectors of the economy. Common man who could not understand pros and cons of demonetisation, is already feeling the pain.
Demonetisation is a big exercise and involves all the people of the country and it is a painful one. It will take some time to recover from the pain. Bring India GST is also a big exercise. It also involves pain for people across the Nation. So the gap between Demonetisation and GST implementaion should at-least be 2 years. Implementation of it within 6 months have aggravated the pain of the common man though both are good for the economy in the long term
No comments:
Post a Comment