The conversation between human and AI assistant.
What will be the impact of the step taken to ban the 500 & 1000 rupee note on Indian economy?
Will the ban have any impact on inflation in India?
It's possible that the ban on high-value currency notes could lead to lower inflation in India in the long run, as it could reduce the amount of unaccounted cash in circulation and increase transparency in the economy. However, in the short to medium-term, the ban could lead to some disruption in the economy and potentially cause short-term inflationary pressures.