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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...

An Open letter to the terrorists of the world

An Open letter to the terrorists of the world While the year 2014 started on a promising note for me, it isn’t ending the way it was hoped for. Just a week has gone and I have heard the gunshots in Sydney CafĂ©, the bomb blasts in Syria, firing incidents in USA and now today, most horrific of them all, the shockwaves from Peshawar, Pakistan. I have seen it all in my close proximity in my country, India, where the terror has touched the people and their hearts are filled with the darkness arising from the repercussions of those brutal moments. Billions of people like me have remained scared of becoming a part of a crowd or a large gathering for we knew that an unknown bullet might put a hole in a head at some unfortunate moment. We are afraid of traveling in the public transport where besides the moron hooligans, a terrorist organization might have also planted a bomb. The fear surrounds us when we leave our kids to the school. The composure is regained only when the ...