The conversation between human and AI assistant.
What is the disadvantage of demonetization of Indian currency?
Did demonetization have any positive impact on the Indian economy?
While the long-term impact of demonetization is still debatable, some of the positive impacts include curbing black money and counterfeit currency, encouraging digital payments, and increasing tax compliance. However, the immediate impact was a decline in GDP growth, a fall in industrial production, and job losses in the informal sector.