09.11.2016 - India: Five key impacts of currency announcement
Prime Minister Narendra Modi's decision to scrap Rs 500 and Rs 1,000 notes for fighting black money and corruption is a bold move. But this sudden move would have implications for the people as well as economy. A jolt to unorganised economy - The Indian economy has the unique characteristics of a parallel unorganised economy which also contributes to employment , consumption and growth. This economy will receive a big jolt from scrapping of high value notes like Rs 1,000 and Rs 500...........................................Full Article: Source
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