Economic Impact after Demonitisation

Different economists / rating agencies are predicting different impact.  The cash crunch arising out of demonetization is expected to paralyze economic activity in the short-term, and the 2017-18 GDP growth is likely to take a hit.

GDP growth is likely to decelerate. However, with the overwhelming support of Citizens and small and non formal economic sectors  willing to  fast change their business ways to cash less and billing patterns. The growth will strike back in one year time. The implementation  of GST will also change the business ways to positive mode.

The demonetization process is irreversible now and and all business men needs to mend their ways and adopt  digital technology, cash less economy and  reaching out to other markets strategy. The time has come to collaboratively  work  to distribute the recurring costs of new technology and economic behaviors adoption.

Kamtech is ready to support such small businesses and associations to  fast adopt the business changes.

Leave a Reply

Your email address will not be published. Required fields are marked *