Demonetization only a short-term negative for India PE - AVCJ Forum
India’s demonetization policy, which has seen the most commonly used banknotes removed from circulation as part of efforts to combat counterfeiting and black money, will hurt private equity in the short term, but the longer-term outlook for the industry remains positive.
"Until September we were coasting along, with growth above 6%, inflation at 4%, the rupee stable despite Brexit and the impending US election, and the stock market up 9%. As a result of demonetization...
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