The conversation between human and AI assistant.
Has demonetization impacted Modi's popularity negatively?
That's true. What about the long-term effects of demonetization?
It's too early to say what the long-term effects of demonetization will be. Some experts believe that it laid the foundation for a cashless economy and will have long-lasting positive effects. However, others feel that it caused significant damage to the informal sector and the poor.