Thursday, 12 January 2017

Demonetisation to have positive impact next fiscal

Demonetisation will have a positive impact on economic activities and growth in the next financial year, a top government official said while dismissing fears of slowdown on account of note ban. "The surveys on impact of demonetisation are all speculative. It (demonetisation) will have a small negative impact in the current quarter but we will have positive impact of demonetisation in the next financial year. 

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) an indicator of manufacturing activity gives some information but they are not totally reliable.

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