Demonetization – Unexpected Stimulus for the Indian Renewable Sector?
December 4, 2016
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Demonetization has been chaotic and changing the way the Indian economy functions. For the power sector, demonetization has turned out to be a positive event with distribution companies (DISCOMs) recovering pending power bills from their customers and banks suddenly flush with funds, all of which could relax lending to the power sector and potentially bring down interest rates.