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 
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(Hindi) India and BlackMoney: All Major Concepts

Social Issues

Indian Society

UPSC CSE

Union Public Service Commission Exams (UPSC)

What is Black-Money? (in Hindi)

Overview (in Hindi)

Round Tripping and Money Laundering (in Hindi)

Hawala System (in Hindi)

Effect of Black Money in India (in Hindi)

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What is Black-Money? (in Hindi)

Prakhar Mishra

(Hindi) India and BlackMoney: All Major Concepts

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