Indian G.D.P. highest in the world amid demonetization policy

In Q4 2016, India’s economy grew by a remarkable 7% year-on-year. After the government cancelled 86% of the bank notes in circulation in November 2016, analysts expected a Q4 growth of under 6.5% and lower spending. Despite losing momentum, India remained the world’s fastest-growing economy, as it has for the last two years. For the fiscal year to March 2017, the government expects a G.D.P. growth of 7.1% (vs. 7.9% last year). As a comparison, Chinese G.D.P. grew by 6.8% in Q4...