The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
How do you think this will affect the overall stability of the Indian economy?
It's difficult to predict with certainty, but there is a risk that if the transition to a cashless economy is not well-executed, it could lead to disruptions in supply chains and economic activity. On the other hand, if the transition is successful, it could lead to long-term benefits such as increased tax revenue and a more efficient, corruption-free economy.