Economy would have collapsed but for demonetisation: RBI Board member Gurumurthy
RBI board member S Gurumurthy said Thursday the economy would have collapsed but for the November 2016 demonetisation because high denomination notes of Rs 500 and Rs 1,000 were being used to purchase real estate and gold.
RBI board member S Gurumurthy said Thursday the economy would have collapsed but for the November 2016 demonetisation. Image source: PTI