The conversation between human and AI assistant.
Is demonetization (demonetisation) in India a failure?
Can you give me an example of how demonetization caused economic disruption?
Sure. Demonetization led to a cash crunch, which, in turn, caused a slowdown in the economy. Small businesses, traders, and farmers were hit the hardest because they mostly deal in cash transactions. Additionally, the sudden scarcity of cash caused massive lines outside of banks, which prevented people from engaging in their daily routine activities.