Has India's new currency policy worked? - Inside story

Imagine waking up one day and being told you can't use nearly 86% of your country's currency. That is exactly what happened in India last year, when Prime Minister Narendra Modi's government decided to withdraw several large denomination banknotes.

It said it was a way to crackdown on so-called 'black money', which is a term used to describe any earnings from money laundering, terror financing or other illegal means. But a year after that sudden decision, it's not clear if the policy has worked.

Opposition parties organised protests to mark the one year anniversary of the withdrawal of the notes.

So, what's been the fallout for the economy?

Presenter: Jane Dutton


Mihir Sharma - Political Economist and author of ‘Restart: the Last Chance for the Indian Economy’.

Jayati Ghosh - Professor at the Centre for Economic Studies and Planning at Jawaharlal Nehru University.

Nalin Kohl - National Spokesman for India's ruling Bharatiya Janata Party (BJP).

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