In this article for Acting Man, I examine the claim that India remains the fastest-growing large economy and why the official growth numbers fail to reflect the damage caused by demonetization.

I discuss the collapse in cash supply, the continuing suffering of ordinary Indians, the fragility of India’s informal economy, the unreliability of official GDP statistics, and why India’s economic crisis is rooted in deeper institutional, cultural, and political problems.

Read the archived article at Acting Man via the Wayback Machine →