Prime Minister Modi’s move on demonetization in the country in 2016 caused major disruption throughout the economy. While the aim was to eliminate the black money across the country, it created chaos among people who desperately needed money. Amidst the chaos however, the financial apps such as Paytm saw a silver lining and it was one of the best years of their business. Demonetization brought in a new wave of financial innovation to India.
Velocity MR, conducted a study on Demonetization 2019, to understand the sentiments of Indians on demonetization, two years since its inception.
Find out more about our report by clicking on the link below: