Manmohan Singh was right on demonetisation: Note ban reduced real economic activity, shows NBER paper

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A working paper from NBER titled Cash and the economy: Evidence from India's demonetisation tells us that demonetisation indeed lowered the GDP (gross domestic product (GDP) growth by at least 2 percent in the near-term post demonetisation.

from Latest News India on Firstpost https://ift.tt/2Ls2aWx
Dinesh Unnikrishnan

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