▁reduction ▁in ▁infl ation ▁in ▁November ▁ 2 0 1 6 ▁was ▁due ▁to ▁a ▁short age ▁in ▁money ▁supply . ▁ ▁The ▁growth ▁in ▁eight ▁core ▁se ctors ▁such ▁as ▁c ement , ▁steel ▁and ▁ref in ery ▁products , ▁which ▁const itute ▁ 3 8 % ▁of ▁the ▁Index ▁of ▁industrial ▁production ▁( II P ), ▁was ▁only ▁to ▁ 4 . 9 ▁percent ▁in ▁November ▁ 2 0 1 6 ▁as ▁compared ▁with ▁ 6 . 6 ▁percent ▁a ▁month ▁ago . ▁ ▁Agricult ure ▁Trans actions ▁in ▁the ▁agricult ure ▁sector ▁are ▁heavily ▁dependent ▁on ▁c ash ▁and ▁were ▁advers ely ▁affected ▁by ▁the ▁demon et isation . ▁Due ▁to ▁scarc ity ▁of ▁the ▁new ▁bank notes , ▁many ▁far mers ▁have ▁ins u fficient ▁c ash ▁to ▁purchase ▁se eds , ▁fert ilis ers ▁and ▁p estic ides ▁needed ▁for ▁the ▁plant ation ▁of ▁ra bi ▁cro ps ▁usually ▁s own ▁around ▁mid - Nov ember . ▁Farm ers ▁and ▁their ▁un ions ▁conducted ▁protest ▁r al lies ▁in ▁Gu jar at , ▁Am rit s ar ▁and ▁Mu za ff arn agar ▁against ▁the ▁demon et isation ▁as ▁well ▁as ▁against ▁restrictions ▁im posed ▁by ▁the ▁Reserve ▁Bank ▁of ▁India ▁on ▁district ▁co oper ative ▁central ▁banks ▁which ▁were ▁ordered ▁not ▁to ▁accept ▁or ▁exchange ▁the ▁demon et ised ▁bank notes . ▁ ▁The ▁short age ▁of ▁c ash ▁led ▁to ▁pl unge ▁in ▁demand ▁which ▁in ▁turn ▁led ▁to ▁a ▁crash ▁in ▁the ▁prices ▁of ▁cro