Demonetisation will dampen India’s 2017 GDP growth
The government’s withdrawal of 500- and 1,000-rupee notes is having far-reaching economic consequences
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In this article
- Government motivation
- Immediate consequences
- Liquidity crunch
- Disrupting lending
- Medium-term consequences
- Sectoral impact
- Slump in bank profits
- Worthwhile pain?
- Longer-term consequences
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