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Economy Mains

Addressing the key criticisms of the ‘demonetisation drive’

Let us take the five key criticisms of demonetisation – Flow vs stock, price of real estate and money, SME impact, lower consumption and inconvenience – are more than negated by the long term effects of formalisation. Let’s look at each criticism in diminishing order of importance in more detail: Flow vs stock: • Analysts …

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