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Modi's announcement on banning 500 and 1000 currency notes. How would it affect economy?
I wanted to discuss Modi's announcement on banning 500 and 1000 currency notes. How would it affect the economy?
The ban on high denomination notes is expected to have both positive and negative effects on the Indian economy. On one hand, it is expected to reduce corruption, black money and counterfeit currency. However, it could also lead to liquidity issues and a temporary slowdown in the short run.