The conversation between human and AI assistant.
How will be the banning of 500 and 1000 rupees notes will have impact on real estate and Construction industry in India?
What about the construction industry? How will it be impacted?
The construction industry is heavily dependent on cash payments, especially for unskilled and semi-skilled labor. With the sudden unavailability of 500 and 1000 rupee notes, the construction industry might face some challenges in finding alternate modes of payment. However, in the long term, this initiative will boost transparency and accountability in the industry by reducing the use of black money.