The conversation between human and AI assistant.
What are the effects of demonetization? Is it really successful?
Has demonetization affected the economy positively or negatively in India?
Demonetization has had both positive and negative effects on the Indian economy. It has brought some economic benefits by curbing corruption, promoting digitization, and formalizing the economy. However, it has also caused short-term economic slowdown and loss of consumer confidence.