(THIS ARTICLE IS COURTESY OF THE HINDUSTAN TIMES NEWSPAPER)
Demonetisation fallout: Experts warn note ban will slow down Indian economy
- Sunny Sen, Hindustan Times, New Delhi
- Updated: Nov 23, 2016 00:51 IST
For all its good intentions, the government’s decision to scrap high-value banknotes threatens to hobble the economy. Some experts see a contraction of economic activity in the next two months, and consensus says the GDP growth could slow by a whole percentage point in the next 12 months.
“The footfall at our dealerships is half of what it was in October,” said Pawan Kant Munjal, who runs Hero MotoCorp, the world’s largest motorcycle maker. Varun Berry, managing director of Britannia, the country’s largest biscuit maker, sees a…
Ver o post original 450 mais palavras