The conversation between human and AI assistant.
How does economy of India get affected by bannig 500,1000 rupee notes?
I've heard that the ban has helped to curb corruption and money laundering in India. Is that true?
Yes, that is one of the primary reasons for the ban. By removing these high-value notes from circulation, the government hoped to reduce the amount of unaccounted cash in the economy and crack down on black money and corruption.