As the Indian government scrapped 86.9% of the currency in circulation in one go in **vember last year, critics shouted that it will put a spoke on the India growth cycle, sending shock waves through an Eco**my largely dependent on cash. But government data showed that despite some eco**mic pain last year, it is **w well-poised to rebound during 2017-18. Many of the cash-dependent small businesses had to shut down and thousands lost their ...
05-31-2017, 12:00 AM
6 months of demonetisation: Eco**my hurt, bruised but is the pain over?
As the Indian government scrapped 86.9% of the currency in circulation in one go in **vember last year, critics shouted that it will put a spoke on the India growth cycle, sending shock waves through an Eco**my largely dependent on cash. But government data showed that despite some eco**mic pain last year, it is **w well-poised to rebound during 2017-18. Many of the cash-dependent small businesses had to shut down and thousands lost their ...
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