The conversation between human and AI assistant.
How is the decision made by Indian Govt to demonetize ₹500 and ₹1000 is useful?
Why do you think there is still debate about the effectiveness of demonetization?
Some critics suggest that the negative effects of demonetization, such as the disruption of the cash-dependent Indian economy, outweighed the positive impacts. Others argue that the long-term benefits of reducing corruption and promoting digital payments may justify the short-term costs.