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Cash ban turns India's promising start in 2016 into damp squib and adds to next year's woes

Demonetisation decision has sucked momentum from the movement to roll out GST from April 1

India formally adopted an inflation-targeting framework in August, committing its central bank to tackling the politically-sensitive issue. For the first time, it also put interest rate decisions in the hands of a policy committee with external members.


INDIA started 2016 as the world's fastest-growing major economy, but at its end the nation faces a significant slowdown and the delay of what's been hailed as Prime Minister Narendra Modi's greatest reform - the creation of an integrated marketplace.

Much of the pain is self...

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