India says cash ban hits growth

India's government acknowledged Tuesday that its decision to pull high-value bank notes from circulation has caused pain in large parts of the economy as it lowered its growth forecast on the eve of the budget. Its annual economic survey concluded that the so-called demonetisation scheme had hit a host of sectors including real estate and farming but also said tax revenues could be boosted in the long-run. "The adverse impact of demonetisation on GDP (gross domestic product) growth will be trans