MUMBAI Jan 7: Economics Professor at Harvard University and Financial Advisor to the Kerala Chief Minister Gita Gopinath says she's a bit puzzled about why an institution like the RBI which is driven by data was giving out data post demonetisation
. She adds RBI should have been more transparent about data. She says she feels that notes ban was a great move by the government and will benefit India in the long run, however she feels the implementation could have been better planned and gradual.
She says "getting rid of 86% of the currency in circulation is unprecedented, not just in practice but also in theory".