8th November 2016 will be remembered in economic History as a day when a 2.6 Trillion Dollar economy, that ranks 6th in the world comprising 4.6 percent of the world economy was churned out. Demonetisation has been one of the twin jerks, the country faced after the Modi govt came to power. The other jerk is of course GST. Now that the RBI has admitted that 99.3% of all demonetised notes came back to the banking system (not counting what remains in Nepal and Bhutan), it is fairly clear that demonetisation was a flop in economic terms. The Economic Survey for 2016-17 estimated the loss in economic output arising from Demonetisation to be nearly 0.25 to 1 percentage of the GDP. GDP growth rate slowed from 8% in 2015-16 to 7.1% in 2016-17 to 6.7% in 2017-18. There are people who argue that growth lost steam for reasons other than demonetisation, such as introduction of GST in July 2017 and the twin balancesheet problem depressing investment in the economy. Sin...