Full text: President Mukherjee raises concern over demonetisation impact

In his address to Governors and Lt Governors, says note ban move may slow down economy temporarily

In his New Year address to Governors and Lieutenant Governors, President Pranab Mukherjee on Thursday issued a note of caution that the Narendra Modi government's demonetisation decision could likely lead to a temporary slowdown in the economy and hurt the poor.

Here is the full text of President Mukherjee's address:

 

My dear Governors and Lt. Governors:

1. Let me begin by extending warm greetings and best wishes to you for a year full of peace, prosperity and happiness.

 

2. The year that has just gone by was