4 min read.Updated: 16 Nov 2016, 04:47 AM ISTLivemint
The challenge now is to minimize the pain of currency swapto the economy as a whole but especially to the informal sector
The serpentine queues outside banks across the country have quite naturally grabbed public attention in the past few days. The massive task of exchanging old currency notes for new is taking more time than expected. Many economists have begun to worry about the impact of a persistent cash crunch on the Indian economy.