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What will be the impact of banning Rs. 500, Rs. 1000 notes on Indian economy and Businesses?
Can you tell me what the impact of banning Rs. 500, Rs. 1000 notes on Indian economy and businesses will be?
The government's decision to ban Rs. 500 and 1000 notes aims to reduce black money and counterfeit currency in circulation. The impact of this move on the Indian economy and businesses is yet to be fully realized, as it is still in its initial stages. However, it is expected that the move will have short-term disruptive effects on cash-dependent industries like agriculture, retail and small businesses.