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What will be the implications of banning 500 and 1000 rupees currency notes on Indian economy?
Will this move affect the Indian economy in the long run?
It is possible that the move to ban 500 and 1000 rupees currency notes could have long-term effects on the Indian economy. While the move could bring much-needed transparency to financial transactions, it could also impact sectors of the economy that are heavily reliant on cash transactions. Additionally, the move could affect the GDP in the short-term as the economy adjusts to the new system.