Rahul Mehta Gandhinagar LsCandidate

Will removing Rs 500 and Rs 1000 notes reduce black money?
.
It will reduce black money by a small amount,. but only a small amount. Because much of black wealth is stored in land. So within a few months, the black economy will be same at its normal level.
,
Anyway, a huge step has been taken.
.
So we will know about its effects within 3 months
.
Lets see if land prices and other prices decrease. If land and other prices remain same, then it will mean that cancellation of Rs 500 to Rs 1000 didnt have much impact.