The conversation between human and AI assistant.
What will be the impact of the step taken to ban the 500 & 1000 rupee note on Indian economy?
I want to talk about the recent decision to ban the 500 and 1000 rupee notes in India. What impact do you think it will have on the Indian economy?
The notable impact of the move was that the share of digital payments in the country surged overnight. It also aimed to flush out black money. However, it also led to a cash crunch and affected businesses that depend on cash transactions.