Black Economy in India

Viac o knihe

The book explores the deep intertwining of India's white and black economies, highlighting a dramatic rise in the black economy from 35% in 1991 to 62% in 2013. It examines the roles of both legal and illegal activities, including corruption, in this growth. Despite the government's demonetization of high-denomination currency in November 2016, which aimed to combat black money, the text questions the effectiveness of this measure, revealing that cash constitutes only a small fraction of the overall black economy.