The conversation between human and AI assistant.
What are your views on Modi governments decision to demonetize 500 and 1000 rupee notes? How will this affect economy?
How has demonetization affected small businesses and the informal sector?
The impact of demonetization on small businesses and the informal sector was particularly significant, as they often rely on cash transactions. Many reported a drop in sales and revenue, and some even had to shut down their businesses. However, some experts argue that the move could help to formalize the informal sector and bring them into the formal banking system, which could have long-term benefits.