Indian Economy Crashes As Modi’s “Black Money” Theory Collapses

Wednesday, December 7, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Dec 7, 2016

Amid social unrest and loss of faith in the nation’s currency, India’s economy has ground to a halt with its Composite PMI crashing by a record in the last month as demonetization strikes. However, even more problematic is that Indians have validated 82% of bank notes rendered worthless by PM Modi, dramatically undermining the government’s estimate of unaccounted wealth in the economy.

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