Variable | Tertiary centres | ||||||
September–October Reference period | November–December | P value | January–February | P value | March–April | P value | |
Non-cash | |||||||
Demonetisation periods | 34.52 (16.70) | 60.05 (15.46) | 0.02 | 54.07 (16.53) | 0.07 | 55.11 (19.41) | 0.08 |
Control periods | 30.35 (15.10) | 30.74 (15.55) | 0.97 | 31.86 (14.92) | 0.86 | 30.63 (20.44) | 0.98 |
Secondary centres | |||||||
Non-cash | |||||||
Demonetisation periods | 2.80 (4.14) | 12.31 (14.46) | 0.06 | 11.34 (12.55) | 0.38 | 6.38 (6.02) | 0.98 |
Control periods | 1.93 (3.41) | 1.89 (3.46) | 0.99 | 1.86 (3.66) | 0.43 | 2.00 (3.16) | 0.96 |
Here, non-cash transactions are represented as a percentage (S.D.) of the total transactions. As there are multiple comparisons, p<0.02 is considered as significant. Only three secondary centres had non-cash facilities. The demonetisation periods were from September 2016 to April 2017 and September–October 2016 was the pre-demonetisation reference period, November–December 2016 was the early demonetisation period, January–February 2017 was the late demonetisation period and March–April 2017 was the post-demonetisation period. The control periods were taken as corresponding months from September 2015 to April 2016.