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What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
I'm curious about the demonetization of ₹500/1000 notes in India. What do you think will be the positive and negative effects on the economy?
Well, some of the positive effects could be a reduction in corruption and black money, an increase in digital transactions, and a boost in government revenue. However, there are also potential negative effects such as a temporary slowdown in economic growth, a negative impact on small businesses and daily wage earners, and potential difficulties for those without access to banking services.