PM Narendra Modi's press conference declaring Demonetization of Rs. 500 and Rs. 1000 notes turned millions Economist overnight. There are two streams of thoughts, one emphasising negative effects and other outlining positives. However considering the magnum of the decision, nobody can exactly say how and when the demonetisation move is gonna start showing effects. Below is small attempt to sum-up short, medium and long term effects of Demonetization on Indian economy.
I would like to take your views on this. Please leave comments below.
I will discuss effects of this move on some key sections of the economy in next few blogs. Till then happy exchanging old notes :D
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