Some sectors took a hit in the months following the note ban. Excess liquidity pulled down rates, punching savers and rewarding borrowers while taxpayers had to bear higher scrutiny

The ban on ₹500 and ₹1,000 notes, announced on the night of November 8, 2016, caused a stock market crash the next morning, with the Nifty opening 5 per cent lower. But unlike economic growth, the stock market is driven by fear and expectation arising from myriad influences — domestic, foreign, economic, political and social.While demonetisation and Trump’s victory in the US Presidential election...