The conversation between human and AI assistant.
What is the reason behind demonetising 1000 rupee notes and introducing a 2000 rupee note?
Did demonetisation have any negative impact on the Indian economy?
Yes, demonetisation had some negative impact on the Indian economy, especially on the informal sector and small businesses, which were heavily dependent on cash transactions. There was a decrease in consumer spending and business activity, which led to job losses and economic slowdown.