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India's currency move: short-term pain to achieve long-term gain

Wednesday, November 23, 2016 - 05:50

AS bold economic decisions go, there are few parallels to the Indian government's move to scrap 1,000 and 500-rupee notes. The enormity of the decision is seen in the fact that Prime Minister Narendra Modi personally announced it as an address to the nation, which is not a norm in the country.

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