A year after Prime Minister Narendra Modi suddenly extinguished nearly 90% of India’s currency by value by invalidating the country’s two highest denomination currency bills, Indians are still ...

Indian Prime Minister Narendra Modi’s recent demonetization initiative—whereby he unilaterally declared on November 8 that all 500 and 1,000 rupee notes would no longer be accepted as legal tender—has ...

While short-term indicators show that the Indian government has failed to meet stated objectives, demonetization could be an economic success in the long term. When Prime Minister Modi announced plans ...

Nearly six weeks after India abruptly scrapped high-denomination banknotes accounting for about 85% of its currency by value, the economy continues to slow. Poor and middle-class Indians are still ...