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 to ask how my predictions for 2016 fared (Business
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