People will use jugaad to find way around black money: Rajan
Former RBI Governor Raghuram Rajan has said that people will use 'jugaad' to find a way around black money, and called it "economic arbitrage with a touch of illegality". "In India working people have coined the word jugaad. We're pretty good at jugaad," he added. Based on information available now, we should not have gone ahead with demonetisation, he said.