The conversation between human and AI assistant.
Why is Mamta Banerjee against the demonetization?
Do you have any statistics that can back this up?
There have been multiple reports and studies that suggest that demonetization did indeed have a negative impact on the Indian economy. It led to a slump in economic growth, a fall in consumer demand, and job losses in some sectors. However, it's worth noting that there are also some who argue that demonetization had some positive effects in terms of curbing corruption and increasing tax compliance.