Indian economy has â¹5 lakh crore less cash after note ban
According to an internal report on the benefits of demonetisation prepared by government officials, the economy now has â¹5 lakh crore lesser cash than it would have had if demonetisation hadn't happened. This means that the amount of cash stashed away by citizens has come down, which is advantageous since hoarding cash delivers no value to the country's economic growth.