Effect of Demonetization :
In Bhuj city of Kachchh Gujarat, a ready-made cloth retailer experienced fall in demand. and no business income, decided to pay "One Year salary" to his 15 odd staff in advance and told them not to get employed with anyone and return to him when called by him.
He saw that daily there was fixed expense of Tea coffee, lighting cleaning and petrol to visit shop. He said 'Lockout'
This...
more... is the first heard of "Demonetization" effect...
Slowly the wheels of Economy will slow down and if no curative measures taken by Govt, chaotic situation may result.