The conversation between human and AI assistant.
What are your views on India banning 500 and 1000 notes? In what way it will affect Indian economy?
Did the government achieve its objective of curbing black money and counterfeiting?
While the government claims that demonetization was successful in curbing black money and counterfeit currency, there is no conclusive evidence to support this claim. The move did disrupt the informal economy, which is often associated with these issues, but it remains to be seen if this was a sustainable solution. Ultimately, only time will tell if demonetization was successful in achieving its objectives.