The conversation between human and AI assistant.
What are your views on Modi governments decision to demonetize 500 and 1000 rupee notes? How will this affect economy?
How did the demonetization affect the black money issue in India?
Demonetization was an attempt by the government to curb the problem of black money. However, the impact of the move on the black economy has been contested. While some argue that it helped in curbing illegal activities and reducing the amount of cash held outside the formal economy, others suggest that it had a limited impact on the black economy.