-Analysis- BENGALURU — The patient was the Indian economy. Among the 176 countries that have been ranked by Transparency International on a scale from 100 (very clean) to zero (highly corrupt), India ranks in the second half of the list at 79, with illegal money of sizeable proportions. The central government, which was elected on the promise of a cleaner government, is worried about coming to power again. With the impending election two years away, it had to do something drastic: a much-dreaded surgery with uncertain consequences. That was the November 2016 decision of removing Rs 500 and Rs 1000 […]
