Shaurya Sharma

Shaurya SharmaShaurya Sharma is presently at Tata Administrative Services, India's premier managerial cadre, as part of the USD 126 billion Tata Conglomerate. He has a diverse business experience spanning across marketing, consulting and finance functions. Driven by a passion for social development, he recently founded a start-up for strengthening the judicial system in developing countries. The venture has received seed funding from Reliance Industries and Government of Gujarat. He has authored a chapter on the holistic management of contingent workers, two papers critiquing the policy regime of the Indian oil sector and a paper delineating the ramifications of a liberal drug regime. His last paper is based on an earlier venture to build an eco-friendly refrigerator, costing USD 1.5, for vaccine storage in the absence of electricity. A travelling enthusiast, he likes to play the guitar and partake in adventure sports.

Papers Published in World Economics:

Cash, Demonetisation and the Informal Economy in India

India took a demonetisation step in November 2016 by banning 500 and 1000 rupee notes as legal tender benefiting banks but hurting the poor and the under banked. The shadow economy was badly affected and even measured GDP growth rate slumped, but demonetisation proponents argued that the dip will reverse and the growth rate will reach 7.7% in 2019. A cashless economy would accelerate economic activities, curb corruption and protect consumers from fraud, frequent physical transactions and it has been estimated that it would save the Indian exchequer (and taxpayers) an amount equal to approximately 0.25% of GDP. The note withdrawal was a botched up job and demonetisation in India will only succeed if the Government can channelize it as a leverage point for a larger tax base, increased digitisation along with a more transparent, fluid and measurable Indian economy.

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