A look at how demonetisation impacted the economy: The story in numbers

Cash in circulation rose faster after note ban, up 14%

The Supreme Court, on Monday, ruled that the demonetisation was not unreasonable and stands the “test of proportionality”.  

A Business Standard analysis looks at the outcome and impact of the government’s decision on November 8, 2016, to overnight invalidate Rs 500 and Rs 1,000 currency notes.  

Cash use has zoomed, by a compound annual growth rate of 14.4 per cent, faster than the 12.2 per cent annual growth from 2011 to 2016.   

As a proportion of the gross domestic product (GDP, or the value of all goods and services produced), cash in circulation was more than a percentage point higher in April