Every last rupee of black money should, of course, be hunted down, barring only what is required for elections. But there is an opportunity cost to these high visibility initiatives. No better example than the harm demonetisation caused to the economy. In the scrabble for tax revenue from a slowing economy, dynamism and vibrancy are being drained out. Jobs are also getting slaughtered. There must be a better way to mentor the economy and manage public finances.
Every last rupee of black money should, of course, be hunted down, barring only what is required for elections. But there is an opportunity cost to these high visibility initiatives. No better example than the harm demonetisation caused to the economy. In the scrabble for tax revenue from a slowing economy, dynamism and vibrancy are being drained out. Jobs are also getting slaughtered. There must be a better way to mentor the economy and manage public finances.