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What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
Can you tell me what will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
The demonetization move is expected to have a positive impact on the Indian economy in the long run. It could reduce inflation by removing black money from circulation, eliminate counterfeit currency, and shift the Indian economy towards a cashless society. However, it could also negatively impact several sectors in the short term, such as small businesses, agriculture, and real estate.