Posted inIndiaSouth Asia

How demonetization hammered a thriving traditional industry

Last year, when Prime Minister Narendra Modi went on national television to announce demonetization, few could guess the consequences of the shock to the Indian economy. A year later, as data comes in, it appears the ban on cash has dealt a hammer blow to many medium, small and traditional industries. Lucknow’s chikankari industry, spread over […]