The conversation between human and AI assistant.
Why did the Indian government demonetize the current 500 and 1000 rupee notes and replace them with new notes?
How did demonetization impact the Indian economy?
Demonetization had a mixed impact on the Indian economy. While it led to a temporary cash crunch and slowdown in economic growth, it also resulted in a surge in digital transactions and reduction in corruption and money laundering.