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How will the ban of Rs 500 and Rs 1000 notes affect Indian economy?
Can you tell me about the recent demonetization of Rs 500 and Rs 1000 notes in India and how it will impact the Indian economy?
The demonetization of Rs 500 and Rs 1000 notes in India is a significant step towards the country's digitization and cashless economy. The impact of this policy change is expected to be vast and multifaceted. It is likely to reduce corruption, promote digital transactions, and increase formalization of the economy. However, the move may also cause short-term disruption to businesses and commerce.