The Black Economy in India - Revised and Updated Edition

Author: Arun KumarForeword/Introduction: V P SinghPublisher: PenguinYear: 2002Language: EnglishPages: 312ISBN/UPC (if available): 0140278591 DescriptionEmpirically rich and finely argued, this book is an excellent aid to understanding the intricacies of the black economy which impinges on our daily lives in numerous ways. In 190-91, according to various estimates, the black economy constituted about thirty-five percent of the national economy which was larger than either its primary or secondary sectors. Since then black income generation has increased not only through 'legal' activities like real estate transactions and the share market, and 'illegal' ones like the hawala, financial scams and gold smuggling, but via instances of corruption like the bribes paid to the police, inflated election expenses, captivation fees and tuitions, among others. The New Economic policies expected to counter its growth has been unsuccessful in containing it. This long and perceptive essay criticall