The conversation between human and AI assistant.
What would be the possible impact on Indian economy after cancellation of 500 and 1000 Rs notes?
Did it affect any sectors specifically?
Yes, the small and medium-sized businesses were heavily impacted as they rely on cash transactions. The real estate sector also witnessed a slowdown due to the sudden drop in cash transactions. However, overall, it was a positive move to curb unaccounted money in the economy.