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The Sixth Index

Heard so much since last 30 days about demonetization. Right from the emotional videos to the acerbic interviews, from the blatant speeches to the new economic revelations. Unfortunately, the situation is such that everybody stands in polar positions. As the typical extremely judgemental Indians, as we are, either the people have lauded or they have criticized but not many seem to have a clearer rational view on what lies ahead. Well, to shed some light on the facts; let’s understand a few pointers. The size of India’s economy or the GDP is close to 2.2 trillion dollars or 150 lakh crore rupees . The parallel economy that is the black money economy is almost 20-30% of the country’s GDP ( as per a report by Ambit Capital research ). In fact, as per Ambit, the cost of black economy has recently gone very high & thus the black economy has shrunk from the levels of once 50-70% in 2014 (a report in The Hindu available at http://www.thehindu.com/news/national/black-economy

The Clean Slate

Clean Slate I was happy to meet them again. Was excited to some extent, honestly, the company of good friends always makes me feel better. I expected them also to be there but I had decided to not hold any grudge against anybody and just take it easy. This was my natural reflex system at its best which ensures that people don’t affect me negatively ever. So, I entered their place with my usual exuberance, all prepared to celebrate the birthday party. The hosts as expected gave a warm welcome. As I met the hosts, my eyes fell upon them. There was a visible palpation at both of the sides. Still, a hesitant hello softened with a layer of fake smile followed. Voila, It was not too bad for a start. Soon, the glasses were full with the diluted Bourbon whisky, glasses clinking with a vociferous cheers. Another quick round followed amid casual chit chats. They were around all this while and it seemed that the cautious and hesitant approach has automatically become a new protocol fo