The conversation between human and AI assistant.
What are the pros and cons of banning currency notes of 500 and 1000 in India?
How has banning large currency notes affected the economy of India?
Banning large currency notes has led to a disruption in the informal sector and seen a decline in GDP in the short run. However, in the long run, it is expected to boost the country's growth and bring in more transparency in financial transactions.