The conversation between human and AI assistant.
What will be the implications of banning 500 and 1000 rupees currency notes on Indian economy?
What about the impact on the informal sector and small businesses?
The informal sector and small businesses largely operate on cash transactions and therefore the demonetization could have a significant impact on their operations. It could lead to a decrease in demand and purchasing power as people may hold back on spending until the new currency supply is established.