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How effective is scrapping 500 and 1000 rupee notes? Will it reduce black money?
I'd like to know your thoughts on India's decision to scrap 500 and 1000 rupee notes to reduce black money.
From an economic standpoint, the demonetization of these notes was a bold move by the Indian government. By removing high-value notes, the government aimed to combat corruption, tax evasion, and counterfeit currency.