India says it will bounce back from cash crisis

India's cash replacement hits middle class

India’s cash replacement hits middle class

India expects its economy will recover rapidly from a slowdown caused by last year’s self-inflicted cash crisis.

The Reserve Bank of India said Wednesday it expects growth to rise to 7.4% in the fiscal year to March, 2018, bouncing back from the shock of Prime Minister Narendra Modi’s November ban on 500 and 1,000 rupee notes.

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