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?
Do you think the ban will encourage more people to use digital payment methods?
Yes, the ban on high-value currency notes could certainly drive the adoption of digital payment methods in India, especially amongst the unbanked population. The government's push towards a cashless economy could help reduce transaction costs, increase financial inclusion, and boost overall economic growth.