India’s Prime Minister Narendra Modi defended the timing of his controversial demonetisation effort on February 7.

As reported by India’s Firstpost online news site, Modi said: “Some people have said why was this decision was taken when the economy was doing well… It was the best time as the economy was strong. Had it been weak, then we could not have done it successfully”.

Modi also dismissed accusations that it was done in haste. “Don’t assume that Modi does anything in haste. For that y...

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