Demonetisation
Demonetisation of rupee to hit luxury retailers
10 Nov 2016
“There will be an impact on luxury retail in the short term, essentially because most of luxury sales in India constitute a large amount of cash, and consumers will put a hold on large spends.”
Dhanraj Bhagat
Partner, Grant Thornton India LLP
This article appeared in Live Mint on 10th November, 2016.
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