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> Actually the worst phase of demonetisation is already over. In 30 days everything will be back to normal. Even the government doesn't think things will be ba
by kranner 10y ago
> Actually the worst phase of demonetisation is already over. In 30 days everything will be back to normal.
Even the government doesn't think things will be back to normal in 30 days. According to the finance minister, it will take 1-2 quarters.
http://www.businessinsider.in/Effect-of-demonetisation-will-remain-for-one-or-two-quarters-Jaitley/articleshow/55726173.cms http://www.businessinsider.in/Effect-of-demonetisation-will-...
- tmbsundar 10y agoThe "worst phase" that is, not "the effect". I think the OP meant the "cash crunch / unavailability of 500 INR notes/ ATMS running out of cash etc.,". The effect may take at least a quarter to ease down. [1] http://www.deccanchronicle.com/business/economy/161216/cash-crunch-to-end-by-mid-january-says-amitabh-kant.html http://www.deccanchronicle.com/business/economy/161216/cash-...
- kranner 10y agoNITI Aayog is a government mouthpiece and not any kind of credible source on this topic. So far there is no sign of the worst of the cash crunch being over esp. in the Northern states. And I'm pretty sure GP said "everything" will be back to normal in 30 days, not just the cash crunch.
- tmbsundar 10y ago> NITI Aayog is a government mouthpiece and not any kind of credible source on this topic. I don't think you can brush aside broadly like that. You may have your own reasons not to believe them. Can't say can't believe them. Have to wait and watch > And I'm pretty sure GP said "everything" will be back to normal in 30 days, not just the cash crunch. I admit my interpretation was different and may be wrong what OP said. Only he can confirm what he meant :-).