Poverty & Development

India’s black economy is humungous and complex. It has been a major issue since independence and recently is on boil due to civil society activism and interventions by Supreme Court. It is hard to precisely define black money, let alone reliable estimation of its quantum. But time and again there has been an attempt to quantify it with estimates ranging from 10 % to 100 % of GDP. Black money menace is though more in developing countries, but developed countries to have their shadow/black economies.Recent financial crisis in the west has forced a huge number of laid-off employees to be freelance workers and to not to report their incomes. An estimate suggests that the US has $ 2 Trillion of the shadow economy, which constitutes of narcotics, gambling, prostitution etc. and loss to US exchequer is $500 billion.

hence you can see, Importance of Blackmoney 
lets discuss

Crack UPSC CSE Prelims and Mains Exams. Know how to prepare for UPSC 2019 and 2020, complete syllabus, exam patterns, latest notifications to join IAS, IFS, IPS and other cadres of Civil Services.

UPSC CSE - GS

UPSC - Civil Services Examination (IAS) Preparation

Hindi

(Hindi) India and BlackMoney: All Major Concepts

Social Issues

Indian Society

UPSC CSE

Union Public Service Commission Exams (UPSC)

Round Tripping and Money Laundering (in Hindi)

Overview (in Hindi)

What is Black-Money? (in Hindi)

Hawala System (in Hindi)

Effect of Black Money in India (in Hindi)

Please Login To Continue

Round Tripping and Money Laundering (in Hindi)

Prakhar Mishra

(Hindi) India and BlackMoney: All Major Concepts

1

2

3

4

5

Crack UPSC CSE - GS with Unacademy

Get subscription and access unlimited live and recorded courses from India's best educators

Structured syllabus

Daily live classes

Ask doubts

Tests & practice

Similar Plus Courses

Comprehensive Governance for UPSC CSE 2025 - 26

Dr Sidharth Arora

Complete Course on Disaster Management - UPSC CSE - GS

Sumit Konde

CSAT Orientation Class for 2025

Madhukar Kotawe

Complete Course on World Geography Through Maps

Sudarshan Gurjar