Demonetisation was in the spotlight from November 8 when Prime Minister Narendra Modi announced that the government has banned Rs 500 and Rs 1000 notes with immediate effect (the currencies were legal tender at select places up to December 15).
The subsequent chaos at banks, ATMs and seizures of old and new currency notes, gold (both in bullion and jewellery), raids at suspect hoarders of black money and busting of currency exchange rackets dominated the discourse.
The month-long winter session of Parliament that started a week after the decision saw the issue disrupting the session for the most part of it, with both the treasury and Opposition refusing to budge from their stance on how the demonetisation debate should be conducted.
While the Opposition parties insisted Modi's presence in the House throughout the debate, the BJP did not accept it, resulting in a stalemate and almost a complete washout.
So if you missed out on some of the key macroeconomic and important data for November, here is a quick recap:
Forex reserves as of Nov 25 stood at $365.30 billion.
India's civil aviation continued to rock, posting 22.4 percent growth in domestic air traffic; Indian domestic airlines carried 89.66 lakh (8.96 million) passengers in November in comparison to 73.22 lakh in the same month last year. IndiGo maintained its position as the largest carrier in terms of passengers flown, at 42.6 percent.
Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to 52.3 from a 22-month high of 54.4 in October.
Nikkei India Services Purchasing Managers' Index (PMI): 46.7, down from 54.5 in October and registered a decline for the first time since June 2015.
Nikkei India Composite PMI fell to 49.1 from 45-month high of 55.4 in October.
Consumer (retail) inflation plunged to a two-year low at 3.63 percent.
External trade: Merchandise exports up 2.2 percent YoY to $20 billion; imports rise 10.44 percent YoY to $33 billion, resulting in trade deficit widening to $13 billion.
Gold imports rose 23.24 percent YoY to $4.36 billion.
Automobile sales: Passenger vehicle sales up 1.82 percent YoY to 2,40,979 units, two-wheeler volumes down 5.85 percent YoY to 12,43,251 units.
Fuel demand rose 12.1 percent and consumption stood at 16.6 million tonnes.
Domestic steel consumption rose 3.8 percent YoY but declined by 14.3 percent when compared to October.
It was in November that the government released the provisional data for India's September quarter (Q2) gross domestic product (GDP) growth rate. The country's economy expanded by 7.1 percent, translating into a rate of 7.2 percent for the first six months of the current fiscal, even as most analysts and economists are of the view that the second half would witness a much lower growth rate due to the demonetisation-induced slowdown.
