Demonetisation a ‘bold move’ to curb shadow economy: Bill Gates

  |   India News

Lauding Prime Minister Narendra Modi's demonetisation decision, Microsoft founder Bill Gates has said it is a "bold move" and will deflate India's shadow economy.

Delivering the Second Transforming India Lecture organised by NITI Aayog on Wednesday, Gates said that the shift to digital transactions will enhance transparency and reduce leakages

"The Prime Minister's bold move to demonetise high-value denominations and replace with new notes with high-security features is an important step to deflate India's shadow economy," Gates said.

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