The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
Tag: Indian Rupee (Currency)
India’s Stock Market is Soaring, Luring Investors at Home and Abroad
The second-most populous country is enjoying some of the world’s strongest stock market returns. Pro-growth policies and gnawing questions about China have helped.
From Underwear to Cars, India’s Economy Is Fraying
The country once had the world’s fastest-growing economy, but it has been battered by global and domestic forces. India’s troubles are a warning sign for other developing countries.
Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work.
Taxes are simpler, and bureaucracy has been trimmed. Prime Minister Modi wants a second term to prove that India is open for business.
Investors Are in Retreat, and the Poorest Countries Are Paying for It
As the Federal Reserve raises rates, global investors are pulling their money from emerging markets, damaging the world’s most vulnerable economies.