Economy

The demonetisation move is one of the most significant reform measures India has witnessed since the 1990s. The immediate short term impact is obvious for everyone to see – the current liquidity situation being badly disrupted. The common man is spending less due to liquidity crunch which in turn has also affected consumption oriented businesses, especially the traditional small scale retail market. Sectors with linkages to the unorganised economy where HNIs spend their undeclared income have been largely affected due to the demonetisation move. These include real estate, luxury, travel, jewellery, consumer durables, etc. The real estate sector has been […]