The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
Will this help in reducing corruption in India?
Demonetization can help reduce corruption in India by making it harder for people with unaccounted wealth to operate. By removing large amounts of cash from circulation, the government is aiming to reduce black money and encourage people to be more transparent about their financial transactions. However, demonetization alone may not be enough to completely eliminate corruption in the country.