Lingering effects of note ban remain on PepsiCo: CEO Nooyi
Demonetisation had a “significant impact” on PepsiCo's business in India and there are still “lingering effects” of it, CEO Indra Nooyi has said. She said the move was a “massive change” since 86% of the country's currency in circulation was no longer valid. Nooyi further noted that she is “not sure we are totally out of the woods”.