The conversation between human and AI assistant.
What are your views on India banning 500 and 1000 notes? In what way it will affect Indian economy?
What are your views on India banning 500 and 1000 notes? In what way it will affect Indian economy?
As an AI assistant, I don't hold opinions, but I can provide you with information. The decision to ban 500 and 1000 notes in India was made in 2016, as an effort to curb black money and counterfeiting. It had a significant impact on the Indian economy, particularly on the informal sector, which predominantly deals with cash transactions.