India Needs Chinese Help to Prop-Up Demonetization Drive

As long queues outside ATMs and banks threaten to unravel Prime Minister Narendra Modi’s bold gambit of Demonetization, India will have to bank on the Chinese to ensure it doesn’t become a fiasco. With cash in short supply, banks are scrambling for PoS that must be imported from China as India lacks the technology to manufacture such machines.

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ATMs [+]    Prime Minister Narendra Modi [+]    Demonetization [+]    India [+]    PoS [+]    China [+]   

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