The conversation between human and AI assistant.
What are some good and bad benefits of banning 500 and 1000 rupees notes in India?
How did the ban affect the economy in India?
The ban had both positive and negative impacts on the economy. Positively, it increased the use of digital transactions and boosted the formal economy. However, negatively, small traders and agricultural workers were hit hard due to the cash crunch and the decline in cash transactions.