World Bank: India Demonetization Slowdown to be Short-lived

The World Bank says India's economic growth will be hit in the wake of the currency ban, but the downturn will be short lived and the world’s fastest growing economy will soon be back on its feet. The estimate came as India wooed overseas investors, with Prime Minister Narendra Modi saying India will become one of the world’s most digitized economies. In a report released this week, the World Bank downgraded India’s economic forecast for the fiscal year that ends in March to 7...

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