Tag «Demonetization effect»

India’s Buying Propensity Index Falls Precipitously in December

Demonetization effect: Exuberance in November, Dismay in December India,  January, 2017: India’s Buying Propensity IndexTM (BPI) in December 2016 stood at 0.26, (measured on a scale between +1 to -1), down 0.42 BPI points from November (0.68). The period of November and December has been characterized by just a single event — the demonetization of …