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What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
Can you tell me what are the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
The demonetization of ₹500 and ₹1000 currency notes has both positive and negative effects on Indian economy. Positive effects include reduction in corruption, increase in digital transactions, decrease in counterfeit currency, and increase in tax revenue. Negative effects include cash shortage, inconvenience to citizens, slowdown in economic growth, and job losses in certain sectors.