The demonetization is exercise is expected to significantly disrupt economic activity, which in turn will result in weaker consumption and economic growth in the immediate term.
However, the impact of low liquidity, broken supply chains and loss of consumer confidence is likely to impact the economy over a longer period, says global ratings agency Moody’s.
However, the impact of low liquidity, broken supply chains and loss of consumer confidence is likely to impact the economy over a longer period, says global ratings agency Moody’s.
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