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India's Modi Says Demonetization Will Boost Economy

Indian Prime Minister Narendra Modi said the decision to scrap high-value bank notes will give the economy a further boost, and would provide long-term benefits, including forcing the country's vast shadow economy into the open. The defense of his radical move to abolish 500 and 1,000 rupee notes, in an interview to India Today magazine released on Thursday, comes after the decision has disrupted the daily lives of hundreds of millions of Indians as banks have struggled to swiftly...

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