The conversation between human and AI assistant.
What do you think of the Government's move of banning old Rs. 500 & Rs. 1000 notes?
Has the move affected the Indian economy in any way?
The move has had both positive and negative effects on the Indian economy. On the one hand, it led to a decline in cash transactions, which helped in curbing black money and increasing tax revenues. On the other hand, it led to a slowdown in GDP growth and job losses in the informal sector.