The conversation between human and AI assistant.
How will the demonitization of existing ₹500 & ₹1000 will make consumers to go for more cashless transaction?
How do you think this move by the Indian government will benefit the economy in the long run?
In the long run, promoting cashless transactions will lead to financial inclusion, reduced corruption, and increased tax compliance. It will also help bring more people into the formal banking system, which will help the economy grow.