Question

note ban effect on economy

Answer 1

Note Ban Effect On Economy

According to me, every change has its positive and negatives. Similarly, note ban too had its merits and demerits.
Merits include exposure of black money as you have seen through the media. We have seen many cases from different part of our country, where people had burnt notes, dumped the sacks full of notes near the roads, and many more. Since black money had been exposed off to its maximum extent therefore, inflation has decreased a lot. Gold prices which were at its top most position has reached to a level which is affordable by the middle-class families also. 
This all reveals that demonetisation has a positive effect on Indian economy.
There are some demerits also. Many people has lost their life because of this effective step. People were not able to take proper medication due to the non-availability of money.