Wednesday, January 18, 2017

India report below 7% growth for four consecutive quarters.

India seems set for four consecutive quarters of sub-7% growth for the first time since at least 2011, according to Societe Generale, as the government's demonetization drive triggers a shortage of cash. The program, introduced in November, impacted 86% of India's currency in circulation by replacing existing 500 ($7.35) and 1,000 ($14.70) rupee notes.