I understand that startups and cash/credit businesses were severely hit due to demonetization which happened in 2016. But that doesn't explain why it is respons

I understand that startups and cash/credit businesses were severely hit due to demonetization which happened in 2016. But that doesn't explain why it is responsible for current slowdown, which is mainly happening due to drop in demand in Automobile and Real-estate sectors. I haven't seen economists(even who are critical of the Government) blaming this slowdown on Demonetization[1][2]. 1. https://www.livemint.com/news/india/15-ways-to-define-india-s-slowdown-1565715613762.html https://www.livemint.com/news/india/15-ways-to-define-india-... 2. https://www.quora.com/Do-you-think-demonetization-is-the-reason-for-the-current-economic-slowdown/answer/Subodh-Mathur-4 https://www.quora.com/Do-you-think-demonetization-is-the-rea...