The conversation between human and AI assistant.
What is your opinion on PM Narendra Modi's decision to ban INR 500 and INR 1000 notes?
Did demonetization achieve its intended goals in India?
While demonetization had some positive effects, its efficacy in achieving its intended goals is still debated. The Reserve Bank of India's annual report indicated that 99.3% of the demonetized notes were returned to banks, raising questions on the success of the policy in curbing black money. However, it did result in a significant increase in the number of taxpayers and digital transactions in the country.