You are here

India says cash ban hits growth; lowers forecast

BT_20170201_KVARUN1_2718735.jpg
Cash-intensive sectors such as agriculture, real estate and jewellery were the worst affected by the demonetisation scheme, according to an economic survey.

New Delhi

INDIA'S government acknowledged on Tuesday that its decision to pull high-value bank notes from circulation has caused pain in large parts of the economy as it lowered its growth forecast on the eve of the budget.

Its annual economic survey concluded that the so-called

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom