India's demonetisation drive will become a case study for economists for years and years to come, says Kenneth Rogoff, Professor-Economics, Harvard University.
Many within the Indian real estate fraternity, privately admit that the government‘s demonetisation drive, has done more damage to the real estate business than even the Lehman Brothers crisis. “The sector has suffered badly, R
The demonetisation drive has disrupted the "underlying strength" of the economy, which is likely to see up to 2 percent fall in growth at around 5 percent, former deputy chairman of the erstwhile Planning Commission Montek Singh Ahluwalia said.
The demonetisation drive announced a month ago has significantly affected collections and disbursements of microfinance firms, an industry body said today.
Concerted efforts from the government and banks will likely ease the pain and calm the panic among citizens created due to the ongoing demonetisation drive, according to IDFC Bank‘s Managing Director and Chief Executive Rajiv Lall.