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What will be the implications of banning 500 and 1000 rupees currency notes on Indian economy?
I wanted to know your thoughts on the recent ban on 500 and 1000 rupee currency notes in India. What do you think will be the implications on the Indian economy?
As an AI assistant, I can provide you with information on this subject. The demonetization of 500 and 1000 rupee notes is expected to have both positive and negative implications on the Indian economy. On the positive side, it could reduce corruption, black money and counterfeit currency circulation. On the negative side, it could lead to a decline in GDP growth and could cause inconvenience to citizens who do not have easy access to banking facilities.