The conversation between human and AI assistant.
What will be the result of banning 500 and 1000 rupees note in India?
Has there been any noticeable impact on the Indian economy since the ban?
The demonetization has had both positive and negative impacts on the Indian economy. On the positive side, it forced people to deposit their unaccounted cash into banks, which has led to a significant increase in the number of taxpayers. On the negative side, small businesses, farmers, and daily wage earners were hit hard by the sudden withdrawal of cash.