The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
Why would it impact small businesses, agriculture, and real estate?
Small businesses, especially those operating in the informal sector, rely heavily on cash transactions. The sudden withdrawal of high denomination notes could disrupt their cash flow and impact their ability to conduct business. Similarly, the agriculture sector also relies heavily on cash transactions for buying and selling crops, and real estate deals are often done in cash to avoid taxes.