And Prime minister Narendra Modi had just announced demonetisation, a bold measure to tackle corruption. From midnight on 8th November 2016 the banknotes which comprised 85% of India’s currency were no longer legal tender. The result was economic chaos.
Why do some innovations catch on when others are disastrous? An Indian journalist described demonetisation as “a bad idea, badly executed on the basis of some half-baked notions.” Many have said the same about reorganisations of the NHS. The health service is no stranger to top-down imposition of change.
Governments’ horizons are usually short-term. The possible unintended consequences of their policies are an inconvenient truth which is given scant consideration; implementation is someone else’s problem.Only one person knew in advance about Modi’s demonetisation plan – the governor of the Reserve Bank of India, who had to arrange