The
way the political establishment, sundry pundits, the
media and a large section of the untutored or sycophantic
elite of the country underestimated the extent of pain
that the demonetisation measure would inflict on India's
poor and lower middle classes, points to their disconnect
from a reality which bears little resemblance to the
vision of a dynamic market economy they presume they
inhabit.
*
This
article was originally published in the Frontline, Print
edition: December 9, 2016. |
