On 8th November 2016, India was caught unaware and shaken to its very roots, when the majority of the currency in circulation became stripped of its value. People were grappling with an entirely unfamiliar situation - 'demonetisation'. The move unleashed a huge debate on television, in newspapers, and on social media, the likes of which had never been seen. Several months later, we are still questioning: Was this a disastrous blunder or a leap forward?

To answer these questions, a renowned economist takes an incisive look at the events that led to demonetisation, the aftermath, and its implications. He sifts through many irrelevant rants, a lot of politically motivated mud-slinging, and asks the most important question: What now, what next?

Preface Acknowledgements Public Revulsion against Corruption in India Black Money: A Key Facilitator of Corruption The Argumentative Indian Overreaches Himself Shortfalls in Achieving the Main Objectives Gains from Unexpected Directions A Seven-point Programme to Achieve a Corruption-mukt Bharat Making India Number One Again Annexure 1. Q&A on Demonetisation Annexure 2. The Speech of Prime Minister Modi on 8 November 2016 on Demonetisation Annexure 3. Demonetisation Episode Shows Why Reserve Bank of India Cannot Be Independent Bibliography Index