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India says cash ban hits growth; lowers forecast

Wednesday, February 1, 2017 - 05:50

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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

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