 "One year of demonetisation: How Modi govt’s move has impacted economy")
As demonetisation completes one year, Business Standard looks at how the government’s move to root out black money impacted businesses, economy and the common man.
Currency purge trips growth pace
It was a decision with few parallels in India’s economic history. On November 8, 2016, in an address to the nation,
“To break the grip of corruption and black money, we have decided that the Rs 500 and Rs 1,000 currency notes currently in use will no longer be legal tender from midnight tonight, that is November 8, 2016.”
Prime Minister Narendra Modi — November 8, 2016
Currency purge trips growth pace
It was a decision with few parallels in India’s economic history. On November 8, 2016, in an address to the nation,
