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How will the ban on Rs 500 and 1000 notes impact the Indian economy?
I was wondering if you could tell me how will the ban on Rs 500 and 1000 notes impact the Indian economy?
The ban on Rs 500 and 1000 notes is expected to have both positive and negative impacts on the Indian economy. On the positive side, it is likely to curb the circulation of black money in the Indian economy. However, it may also result in short-term liquidity shortages, especially for small businesses and low-income households.