India

What India's decision to scrap its 2000-rupee note means for its economy

The value of 2000-rupee notes in circulation is 3.62 trillion Indian rupees ($44.27 billion).

The value of 2000-rupee notes in circulation is 3.62 trillion Indian rupees ($44.27 billion). Image: Freepik/Prasanta Sahoo

Ira Dugal
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Share of 2000 rupee notes in India's currency in circulation has declined.
Share of 2000 rupee notes in India's currency in circulation has declined. Image: Reuters Graphics

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