You are here

Modi's shock currency move seen hitting Indian economy hard

Activists of the Socialist Unity Centre of India holding a protest against the government in Kolkata.


PRIME Minister Narendra Modi's shock decision to scrap most of India's currency was hailed by some as a masterstroke against endemic corruption, but signs are emerging that it may hit the economy hard.

The sweeping overnight abolition of all high-value notes was supposed to...

Market voices on: