The conversation between human and AI assistant.
What is the logic behind scrapping of 500 and 1000 rupee notes by the Indian Government?
Did the demonetization have any impact on India's GDP?
Yes, demonetization did have an impact on India's GDP in the short term, as economic activity slowed down. However, the government's subsequent policies, such as the implementation of the Goods and Services Tax, helped to boost the economy in the long term.