Partner Perspectives

Demonetisation Failed to Make India a 'Less Cash' Society

Jul 5, 2018 | 09:00 GMT
A numismatist in India displays bank notes at an exhibition in Mumbai in late 2017.
(INDRANIL MUKHERJEE/AFP/Getty Images)

A year and a half since Prime Minister Narendra Modi's radical de-monetization initiative, data shows India's ratio of currency in circulation as share of broad money is back where it started. ...

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