Business & industry

After the shock

Print edition : December 09, 2016

At a jewellery store in Mumbai on November 12. The days that followed November 8 at the city’s jewellery trading centre, Zaveri Bazaar, resembled the week before Deepavali when people buy a lot of jewellery. Photo: Santosh Hirlekar/PTI

At the Bombay Stock Exchange, before the opening of the markets on November 9, the day after the government’s decision to withdraw the 500- and 1,000-rupee notes. Photo: Arunangsu Roy Chowdhury

The beating to cash-driven sectors like gold and real estate notwithstanding, Indian industry is gung-ho about the Prime Minister’s decision to derecognise notes.
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