Agricultural growth

Brakes on the rural economy

Print edition : December 23, 2016

Loading harvest near Dhamdhama in Nalbari district, Assam. In the first week after demonetisation, market arrivals in select major States fell by 87 per cent for soybean, 55 per cent for paddy, 61 per cent for guar, 51 per cent for maize, and 23 per cent for cotton. Photo: Sushanta Talukdar

Demonetisation is likely to adversely affect agricultural growth and shrink rural incomes and consumer demand. It has already created a serious credibility crisis for rural cooperatives.
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