The conversation between human and AI assistant.
What do you think of the decision by the Indian Government to demonetize 500 and 1000 rupee notes?
Have there been any long-term consequences of demonetization in India?
It's still too early to assess the long-term consequences of demonetization in India. However, some studies suggest that it had a negative impact on small businesses and the informal sector, which were heavily dependent on cash transactions. On the other hand, it accelerated the adoption of digital payments and financial inclusion in certain sections of the population.