Demonetisation and the subsequent introduction of Goods and Service Taxes (GST) were aimed at lifting Indian economy. But the government's vision has been counterproductive given the way international bodies are calculating India's economic growth
The surge is a two-year high and gives the government the device to parade an economic rebound before general elections next year. But aside the drum beat of praise one may well ask if the economy is really recharged?
A year on, the bluff has been called on the stated objectivesof demonetisation, especially tackling black money. A few grains of positives cannot stand up to the wrecking ball it took to the Indian economy.