Economist and former Indian PM Manmohan Singh, as quoted in (02 March 2021), "High unemployment due to 'ill considered demonetisation': Manmohan Singh", Business Standard
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Unemployment is high and the informal sector is in shambles, a crisis precipitated by the ill considered demonetisation decision taken in 2016.

— Economist on 2016 Indian banknote demonetisation

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Unemployment is high and the informal sector is in shambles, a crisis precipitated by the ill considered demonetisation decision taken in 2016." in the context of "Economist and former Indian PM Manmohan Singh, as quoted in (02 March 2021), "High unemployment due to 'ill considered demonetisation': Manmohan Singh", Business Standard" to mean that wisdom is timeless.

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Source: Wikiquote: "2016 Indian banknote demonetisation" (Quotes) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Economist

About Economist

An economist is a practitioner in the social science discipline of economics.