The conversation between human and AI assistant.
What would be the possible impact on Indian economy after cancellation of 500 and 1000 Rs notes?
How will this affect the common people in India?
The cancellation of 500 and 1000 Rs notes will have a significant impact on the lives of many common people in India. Those who have been relying on cash payments for their daily transactions may find it difficult to adapt to the new system. However, the move is also expected to bring more transparency to financial transactions and reduce the amount of black money in circulation, which will benefit the common people in the long run.