The conversation between human and AI assistant.
What will be the effects after banning on 500 and 1000 rupee notes?
Did it have any effect on the Indian economy as a whole?
Yes, the ban on high-value currency notes initially caused a slowdown in the economy. However, the long-term effects have led to increased transparency and a formalized economy, which has boosted investor confidence and is expected to lead to sustained growth in the future.