The conversation between human and AI assistant.
How is demonetization affecting people of India?
How has this decision affected the economy and people's daily lives in India?
The effects of demonetization were felt throughout the country, and the economy experienced significant disruptions as a result. People had to exchange their old notes for new ones, and there were long lines at banks and ATMs. Small businesses and farmers, who rely on cash transactions, were hit the hardest, and the informal economy suffered. However, some people also saw benefits, such as increased digital transactions and a reduction in corruption.