The conversation between human and AI assistant.
Is demonetization illegal and unconstitutional as suggested by Namita Wahi in ET?
Did demonetization achieve its intended goals?
The efficacy of demonetization in achieving its intended goals is a matter of debate. While the government claims that demonetization was successful in curbing black money and corruption, there is little empirical evidence to support this. Additionally, demonetization had significant negative effects on the economy, particularly on small businesses and individuals dependent on cash transactions.