bnarayanTime to assess the massive damage DeMo inflicted on Indian economy.
Household cash holdings as a % of total financial savings more than doubled from 12% to 26%. Money multiplier got severely constricted. Velocity of money considerably slowed down resulting in collapse of demand & consumption.
Welcome to 3rd anniversary of demonetisation.
Household cash holdings as a % of total financial savings more than doubled from 12% to 26%. Money multiplier got severely constricted. Velocity of money considerably slowed down resulting in collapse of demand & consumption.
Welcome to 3rd anniversary of demonetisation.
