India Since Demonetisation

40 Pages Posted: 29 Mar 2018

See all articles by Charan Singh

Charan Singh

Indian Institute of Management (IIMB), Bangalore

Date Written: March 28, 2018


In India, tax to GDP ratio, at around 18 percent, is amongst the lowest in the world, probably because India, as mentioned in the Union Budget of 2017-18, is a tax non-compliant country. Tax evasion and corruption are deterrent to economic growth. Given that India is an emerging country, there are extensive infrastructure requirements which need high development expenditure. There is an immediate and constant need for resources which are of non-debt in nature to ensure respite from the existing level of high interest burden. Demonetisation is a step in ensuring an honest tax regime, better tax collections, and lower dependence on borrowings.

Keywords: Demonetisation, unaccounted money, cashless transactions, corruption, fake currency

Suggested Citation

Singh, Charan, India Since Demonetisation (March 28, 2018). IIM Bangalore Research Paper No. 567, Available at SSRN: or

Charan Singh (Contact Author)

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
080-26993818 (Phone)

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