Demonetisation has derailed the economy, says HDFC Chairman
HDFC Chairman Deepak Parekh on Wednesday said the demonetisation decision to fight black money and promote cashless economy has derailed the economy in the short term. The market and the corporate sector have been affected in a major way and it might take a ‘quarter or so’ to get back to normal, he said. Parekh had earlier appreciated the move. 