The conversation between human and AI assistant.
What are your views on the decision of Narendra Modi to discontinue the use of 500 and 1000 currency notes?
Did the decision of demonetization have any positive impact on the Indian economy?
The demonetization decision had both positive and negative impacts on the Indian economy. On the positive side, it led to an increase in digital payments, banking penetration, and formalization of the economy. On the negative side, the informal sector suffered, and many daily wage earners faced financial difficulties.