The Seen and the Unseen - hosted by Amit Varma cover image

Ep 252: The State of Our Economy

The Seen and the Unseen - hosted by Amit Varma

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The Monotization of the Economy

The usual means that we had for dealing with debt problems vanished from the armory of bankers and borrowers. And so all these bank loan problems came home to roost. A sodimandization and a very, very poorly designed gst were further shocks to er, you know, especially the informal sector of the economy. They could not sort of capitalize on those things. Even before the monotized, the economy started slowing, or the monotization made it worse.

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