Housing and automobile sectors seriously hit by demonetisation.

Demonetisation has brought sufferings to millions of people. Unorganised workers have lost their jobs massively. Those who continue with their jobs do not get their wages. Agriculturalists have suffered in a big way. But, the Prime Minister and the Home Minister continue to make tall claims about the benefits to the economy, brought by demonetisation. Now, news has started coming, how badly the economy is hit. Today’s Economic Times has reported that sales of automobiles have fallen 18.66% in the month of December. In this, sales of two wheelers got reduced by 22.04% and sales of three wheelers have got reduced by 36.23%. The paper reports that this is the steepest fall since 2000 in the automobile industry. The paper has also reported that home sales has got reduced by 23% during the period from July to December, 2016. Only Prime Minister Narendra Modi has to say why the nation is made to suffer so much due to demonetisation?