Considering what places like India have been willing to do to force their populations into the banking system by cancelling high denomination notes I wonder what they'd be willing to do elsewhere if they really got a boner for negative interest rates.
Cash is in their sights already. If enough people cottoned on to crypto they might toss their cookies. Guess it might be too late by then.
Help me understand how that is not good for the India ? I mean what I see from the table of interest and inflation is India having interest rate of 4.25 while on the other hand inflation is around 1.54. That doesn't make it negative economy at all. Considering the denominations and implantation of new tax system they all look good to me in first place. They are improving more and more as compared to previous financial year.
I might be taking inflation stuff wrong if you say so. Can you elaborate or sight me a reference to understand these values more?