The conversation between human and AI assistant.
What do you think about Modi government banning 500 & 1000 currency note from 9th November?
Did the policy achieve its goals?
There is no clear consensus on the success of the policy in achieving its goals. Some studies suggest that demonetization did reduce the amount of black money in circulation and increased financial inclusion. However, other studies point to negative impacts on GDP growth, employment, and rural areas.