The Cash Transfusion Critical to Curing India’s Anemic Economy – The Numbers – Briefly
Indian Prime Minister Narendra Modi’s surprise announcement that he was cancelling 86% of the country’s cash overnight triggered weeks of panic and long lines of people trying to exchange or deposit their old notes. The meandering lines have disappeared but India’s cash-driven emerging market is still suffering as the new bills haven’t reached every corner of the economy and consumers and companies are still struggling to shift more of their transactions […]