India Crashing

It looks like India has a money supply problem which will crash its economy in weeks.

Today India is on the verge of a major social-political crisis, unless either the government backs off from the decision of banning the currency or some real magic happens. There is chaos in the streets and daily life is slowly but surely coming to a full halt.

India banned high denomination notes Rs 500 (~$7.50) and Rs 1,000 (~$15). And hasn’t quite replaced them with smaller notes – Rs 100 (~$1.50) or lower denominations.

The article has described the chaos this is causing. The author expects a complete crash of the Indian economy in 4 to 6 weeks.