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.Watch video for more...
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