I refer to this article in this blog post essentially to complete my series of posts which began with the Note Ban that made specified high denomination currency notes invalid currency from a specified date. There was a question of what costs and benefits could be expected of this policy decision. Many experts view the slow-down mentioned above as evidence of the effect of the Note Ban on the Indian economy.
It would be interesting to watch if tax compliance has improved because of the Note Ban and if it will result in a sustained growth in income tax collections year after year. There are other decisions taken by the Government such as introduction of the Goods and Services Tax (GST) that will impact future growth.
A major decision that is on the anvil could eliminate future losses through Air India. We must wait to see if the Government shows the political will necessary to push through this reform. However, the Government has started planning for it. Visit
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