The conversation between human and AI assistant.
How will demonetising ₹500 and ₹1,000 notes help reduce corruption in India?
Will demonetising these notes only impact corruption or will it impact the common man as well?
While initially, the demonetisation may have caused inconvenience for the common man, in the long term it is expected to have several positive impacts. For instance, it is likely to reduce inflation and increase tax revenues. Additionally, it is expected to result in an increase in digital transactions and reduce the prevalence of counterfeit currency.