Eco Survey: Real impact of demonetisation in short and long term

The Economic Survey 2017 states once the cash is pumped back in the system, the economy will be back to what it was. The annual document which outlines the growth of the Indian economy projected GDP in the range of 6.75-7.5%.

The survey, drafted by Chief Economic Adviser Arvind Subramanian, pointed out that demonetisation has pushed the digitisation to rise exponentially and also highlighted both the long term and short term effects of it. Here are the effects of demonetisation highlighted in the survey