Will address my views on demonetization in memoirs: Arvind Subramanian

Chief Economic Adviser Arvind Subramanian today indicated that he would write a memoir in which he will disclose his views on demonetization, a big event with far reaching economic implications for the country.

Without giving any firm answer to a question whether he supported demonetization or had expressed his reservations, the chief economic adviser said: "Why do you want to deprive my memoir of commercial value?"

He was participating in a panel discussion at the Delhi Economics Conclave. "Had you internally supported demonetization or expressed your reservations?" a participant asked Subramanian during the discussion.

Prime Minister Narendra Modi on November 8 announced demonetization of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption. The cash crunch following demonetization adversely impacted the economy.

Montek Singh Ahluwalia, who also participated in the same panel discussion, said that India cannot achieve high growth without structural changes.

Former RBI Governor Bimal Jalan said that he got complete support from the government when he was RBI Governor and faced any problem.