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What will be the repercussions of banning Rs 500 and Rs 1000 notes on Indian economy?
I was wondering, what do you think will be the repercussions of banning Rs 500 and Rs 1000 notes on the Indian economy?
The ban on Rs 500 and Rs 1000 notes will have both positive and negative impacts on the Indian economy. On one hand, it will help to combat black money and reduce corruption. On the other hand, it will cause a liquidity crunch and negatively impact small businesses that rely on cash transactions.