India’s currency ban cut growth in Q4 2016, says study

More than two years after the Indian government announced demonetization of high-value currency notes on November 8, 2016, a US-based study has said the decision shaved economic growth by at least 2 percentage points for the October-December quarter of 2016. The research paper titled “Cash and the Economy: Evidence from India’s Demonetization” and co-authored by India-born […]