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India’s small firms reel from ‘terrible year’ after cash ban

India's cashless companies win in rupee ban
India’s cashless companies win in rupee ban

A year ago, Naraina was a bustling industrial suburb of India’s capital New Delhi. Now much of it is deserted.

The transformation can be traced back to Nov. 8. 2016, when Prime Minister Narendra Modi stunned the country by banning 86% of the money in circulation.

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