The conversation between human and AI assistant.
How will demonitizing of Rs. 500 and Rs. 1000 notes will affect common middle class man?
How will this demonetization affect the economy?
This demonetization is expected to have a positive impact on the economy in the long run. The reduction of black money and corruption will increase tax revenues and improve the overall economic growth. However, in the short term, there may be some disruption in economic activity due to the liquidity issues faced by people.