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Eating out and salon treatments - A policy dilemma for RBI

Updated : June 21, 2018 03:16 PM IST

The 32-year-old said she had to break into her daughter's piggy bank to meet household expenses when India suddenly pulled most high-denomination currency notes out of circulation in November two years ago.
Like Verghese, many other middle income Indians are splashing cash on beauty salons, shopping, movies and eating out as the economy normalises after disruptions from two big events - demonetisation and the introduction of a new goods and services tax (GST) last year.
Eating out and salon treatments - A policy dilemma for RBI
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