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Shankar Acharya: Speculations for 2017 in an uncertain world

After Trump win and Modi's demonetisation move, uncertainty at home and abroad could be very high

Shankar Acharya 

Shankar Acharya Predictions and forecasts are inherently uncertain and subject to gross errors. 2017 is fraught with abnormally high uncertainty because of two recent major events, both of which occurred on November 8, 2016. At the global level, it was the unlikely election of the mercurial Donald Trump as President of the United States, the world’s largest national economy and the strongest (by far) military power. In India, it was the unprecedented, economic experiment of 86 per cent demonetisation announced by Prime Minister Narendra Modi. Before turning to specific speculations, it is reasonable ...

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First Published: Wed, January 11 2017. 22:43 IST
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