THe Blog

November 13, 2017

Impact of Demonitisation on India's Small Businesses

Praveen Chakravarty, Senior Visiting Fellow, quoted on the cash ban affecting small businesses in India, in an article carried by Consumer and Society. Excerpts below:


"India has over 100 million small firms which are estimated to account for 40% of its economy and approximately 80% of all its jobs. These firms have been hit hard by this change as most of their business is done in cash. Two million workers are thought to have lost their jobs in the first half of 2017."


Read the entire article here.

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