Down to Earth

Demonetisa­tion blues

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Post demonetisa­tion, Down To Earth visits Delhi's wholesale markets to understand its effects on various stakeholde­rs. Many small traders and labourers working in the Okhla, Azadpur and Ghazipur mandis say low demand has led to heavy losses. Some without bank accounts are trading money for a small premium. While support for demonetisa­tion is strong, the economy is badly hit. Farmers are the next victims as low demand leads to unsold stocks.

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