Tag Archives: cash intensive

Unforeseen outcomes of India’s demonetization shine light on the value of our design philosophy

By | November 28, 2016

Latest news on India’s demonetization informs us how the rural economy is bearing the brunt of this initiative. The action was intended to target wealthy tax evaders and end India’s “shadow economy”, but it has also exposed the dependency of poor farmers and small businesses on informal credit systems in a country where half theā€¦ Read More »