The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
What are the positive effects of this demonization on the Indian economy?
Well, demonization is expected to have several positive effects on the Indian economy. One of the most important benefits is that it will help in reducing black money, counterfeit currency, and other illegal activities that use high denomination notes. In addition, this demonization can lead to increased transparency and boost digital transactions in the economy, which could lead to long-term benefits.