Visitors look at wedding attire during the Asia Wedding Fair 2016 in Bangalore on October 8, 2016.Nearly 10 million weddings take place in India every year and according to industry estimates, the Indian wedding market is worth 40 billion dollars and the sector is growing at over 25 per cent annually. / AFP PHOTO / Manjunath KIRAN
New Delhi: Jatin Pal’s wedding was just days away and his family were finalising plans for an extravagant multi-day celebration – then Indian Prime Minister Narendra Modi banned high denomination notes overnight, casting a dark shadow over the festivities.
Within hours of Modi’s surprise Nov 8 announcement, 500 and 1,000 rupee (RM32 and RM64) notes – some 85% of all cash in circulation – were withdrawn, leaving millions across the vast country out of pocket.
Limited time offer:
Just RM5 per month.
