Moneycontrol
Dec 01, 2016 10:15 PM IST | Source: CNBC-TV18

Flipkart's Bansals cautiously optimistic on demonetisation

Demonetisation may bring about long term benefits for Indian e-tailers but as things stand there is a clear immediate impact on business. That’s the word coming in from Flipkart co-founders Sachin and Binny Bansal.


Demonetisation may bring about long term benefits for Indian e-tailers but as things stand there is a clear immediate impact on business. That’s the word coming in from Flipkart co-founders Sachin Bansal and Binny Bansal.

While Binny said that Flipkart saw a 30 percent dip in growth in the few days after the demonetisation announcement, Sachin cautioned that manufacturers may be compelled to lay off employees if the demand situation does not improve.

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