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The Debate

Cash Chaos in India: Should Modi roll back black money crackdown? (part 1)

It was a bold move to catch counterfeiters and tax cheats off guard: India's prime minister made a surprise televised announcement to pull all 500 and 1000 rupee banknotes. In a nation where two thirds of all transactions are in cash, Narendra Modi knew there would be unruliness in the days and weeks that followed. Is it a big blunder or the only hard remedy to cracking down on the black market in a nation where only three percent of the population pays income tax?

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Click here for PART TWO.

Produced by Charles WENTE, François WIBAUX and Laure FOURQUET.

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