The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
How will this affect the overall growth of the Indian economy?
The impact of demonetization on the overall growth of the Indian economy may depend on how quickly the cash supply is replenished and how effectively the government can implement its digital payment initiatives. In the short term, there may be a slowdown as people and businesses adjust to the new system. However, if the transition is successful, it could lead to a more efficient and transparent economy, which could help fuel growth in the long term.