SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Exports
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Tourism
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Banking
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Labour
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Detailed explanation-1: -The negative impact of demonetisation was felt across the all segments of economy, especially agriculture and industry. The worst impacted were segments that relied on high-volume cash transaction, such as organized and unorganized retail.
Detailed explanation-2: -Media and hospitality industries are also likely to get affected. Sectors that we feel will not be affected are– Pharma, FMCG, Education, Agriculture, Hospitals, Energy and Telecommunication.
Detailed explanation-3: -While the growth rate was partially higher in the following quarter or two due to low base effects, quarterly real GDP growth fell from the 9 per cent levels seen in FY17 and FY18 to 3 per cent in the last quarter of FY20. MSMEs bore the biggest brunt of demonetisation.