ix years afterdemonetisation, people are still paying or accepting black in real estate transactions and many continue to buy and sell products without proper receipts, according to aLocalCirclessurvey.
Although many have adopted digital modes of payment — with the shift gathering pace during the pandemic — the verdict on demonetisation is still not clear on whether it has delivered its set goal of weeding out black money and checking the Growth of the parallel economy.
LocalCircles said that 44% of those surveyed, who bought a property in the last 7 years, had to pay a component in cash.