Demonetisation: Business blues but compliance improves

The real estate market, which was already down for two years, faced more trouble when demonetisation was announced

A year since the government banned Rs 500 and Rs 1,000 notes,  Business Standard reporters spoke to people from different walks of life to gauge the mood and the impact of this move. Edited excerpts: 

Cash business is down from 90% to 60%, wallet use only 15%

Shaival Chandra, founder, Gritty Foods

Shaival Chandra, Founder, Gritty Foods

Demonetisation may have been an excellent move for the country, but not so much for business. For a month-and-a-half, business took a severe hit. Typically, a customer spends around