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THE PHARMA REVIEW (MARCH - APRIL 2017)

Demonetization - Slowdown Effect On Healthcare / Pharma Industry

Debasish M Banerjee

Introduction: Demonetization is defined as the act of stripping a currency unit of its status as legal tender. Since the announcement of Demonetization, Indian economy has been fluctuating in terms of increase in Inflation, increased GDP rate and increase in the rate of imports and exports. It has impacted individuals, businesses and industries drastically. Major impact will be on common man with the sudden decision of currency withdrawal. Indian economy is depending on cash, as more than half population use banking system for monetary transactions. Economists say that the impact of demonetization will be more on consumer spending and economy growth. 

 

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