The conversation between human and AI assistant.
How will the ban of Rs 500 and Rs 1000 notes affect Indian economy?
That's true. Do you think there will be any long-term benefits to the economy because of this ban?
There could be several long-term benefits to the economy due to the ban on Rs 500 and Rs 1000 notes. It may lead to the formalization of the economy, increase in transparency, better tax compliance, and reduction in inflation. Additionally, it may result in more investments in the digital economy and financial inclusion of previously unbanked individuals.