Business Standard

Small stores struggle to survive, but many support Modi's note ban

Nearly 17% urban shopkeepres said they now used PoS machines in their stores

Cash, Demonetisation, Currency
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Alison SaldanhaIndiaSpend
At noon, cars sped along the Bhiwandi-Wada road in Thane district, north of India’s commercial capital, past ‘Shree Swami Samarth’, a 100-square-foot shop selling cold drinks, fried snacks, pots and general provisions. Inside the three-walled pile of asbestos sheets, bricks and iron, 62-year-old Ambika Kumbhar, the store’s owner, sat next to a plastic cash box, alert, watching the trucks and cars hurtle by, hoping they would stop, as often as they once did.
About a year ago, Kumbhar’s family, with savings of less than Rs 4,000, cobbled together this shop, sized slightly larger than two ping-pong

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