Told govt note ban wasn't well-planned, useful move: Rajan
Former RBI Governor Raghuram Rajan has revealed that when the idea of demonetisation was first discussed, he told the government it wasn't a "well-planned, well thought-out and a useful exercise." "You'd have to find some new economic theory to explain how it helped," Rajan added. He further said that only a "die-hard government advocate" would say demonetisation benefits were immediate.