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Demonetisation: Demand likely to be normal by Q2 2017, says CII

Forbes said that government must remove cash withdrawal restrictions at the earliest

Press Trust of India  |  Gandhinagar 

Terming demonetisation as a right long term decision despite short term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20 per cent fall in the 50-day period after the note ban. Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption. "I think an average consumer goods company is reporting a fall in demand of 20 ...

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Demonetisation: Demand likely to be normal by Q2 2017, says CII

Forbes said that government must remove cash withdrawal restrictions at the earliest

Forbes said that government must remove cash withdrawal restrictions at the earliest Terming demonetisation as a right long term decision despite short term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20 per cent fall in the 50-day period after the note ban. Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption. "I think an average consumer goods company is reporting a fall in demand of 20 ... image
Business Standard
177 22

Demonetisation: Demand likely to be normal by Q2 2017, says CII

Forbes said that government must remove cash withdrawal restrictions at the earliest

Terming demonetisation as a right long term decision despite short term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20 per cent fall in the 50-day period after the note ban. Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption. "I think an average consumer goods company is reporting a fall in demand of 20 ...

image
Business Standard
177 22