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Bleak outlook: Note ban likely to cost India Rs 1,28,400 crore

Sourjya Bhowmick | Updated on: 25 November 2016, 21:02 IST

While the social cost of demonetisation has been fairly widely documented, the economic cost has largely been a matter of estimation. Now, however, the Centre for Monitoring Indian Economy, a business information company, has done the math after compiling a series of analyses.

And the scenario it presents looks bleak: at the very least the exercise will cost the country Rs 1,28,400 crore. Consider these numbers.

First published: 25 November 2016, 21:02 IST
 
Sourjya Bhowmick @sourjyabhowmick

संवाददाता, कैच न्यूज़, डेटा माइनिंग से प्यार. हिन्दुस्तान टाइम्स और इंडियास्पेंड में काम कर चुके हैं.

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