"We see salutary benefits from the demonetisation that took place a year ago. And there are potential benefits going forward," William Murray of the IMF told reporters at the fortnightly IMF news conference.
Mr Murray said the demonetisation did cause some temporary disruptions in economic activity, primarily, private consumption and small businesses due to cash shortages.
"(But) the effects are dissipating," he said in response to a question.
The IMF is slated to come out with an update of its projections of India's growth rate along with the rest of the world in January.