Demonetisation won’t derail India’s auto industry success story in 2017

The removal of high denomination notes from general circulation has put a dent in another year of growth for India, but the effects will be short-lived, writes Abdul Majeed of PwC India

India's automotive industry was poised to record its fastest growth in at least five years over the 2017 fiscal year (to April 2017), but the demonetisation of high denomination notes has hit sales in rural and urban areas alike.

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