Some assumptions before we start
a. Formalization of the economy (I am still not getting into political aspect of Demo)
b. Plugging the leakages and corruption
This coupled with the fact that RBI getting strict on provisioning meant more funds required for provisioning.
Now let's look at what the govt has done and how it has been focusing to improve the situation
There is no point blaming GST and Demonetization - it is akin to saying in an economy of thieves let everyone steal else everyone will die off.
And no I am not pushing the blame aside, Just seeing the problem for what it is [17/17 End]
The opportunity if for all of us to loose. I might soon do a thread on what each of govt steps would entail in terms of stocks/sectors
Those who work in treasury department know of it firsthand !!