Statement: Should it be said that the demonetisation exercise combined with the uncertainty around the July 1 adoption of the new indirect tax regime served to significantly dampen economic activity?
Argument I: Yes, a lot of businesses used to deal in cash for their day to day operations.
Argument II: No, most of the people in the country are using ATMs, internet banking and payment wallets.
1st is strong as it directly effects the bussinessmen deal in cash.
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