The conversation between human and AI assistant.
How can changing 500 and 1000 rupee notes end the black money in India?
How effective has this measure been in achieving its goals?
The effectiveness of this measure is debatable. While it did lead to an increase in the number of bank accounts and digital transactions, it also caused significant disruption to the informal sector and caused hardship to those who rely on cash for their daily transactions, especially in rural areas. Additionally, there are concerns about the impact on small businesses and the unorganized sector.