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The Black  Economy in India - Revised and Updated Edition
The Black Economy in India - Revised and Updated Edition

The Black Economy in India - Revised and Updated Edition

by Arun Kumar

Your Price: $25.70
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Product ID:2497

Language

English

Publisher

Penguin

ISBN

0140278591 - Year: 2002 - Pages: 312

Binding

Paperback

Arun Kumar

Author: Arun Kumar
Foreword/Introduction: V P Singh
Publisher: Penguin
Year: 2002
Language: English
Pages: 312
ISBN/UPC (if available): 0140278591

Description

Empirically 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 critically examines the standard explanations for the causes and consequences of black income generation and the methods suggested for curbing it. Among the issues addressed here are: the role of high taxation and excessive controls in fuelling tax-evasion and hence black income; the adverse effects of black income on the macro economy; the resultant inefficiency, waste and sub-optimality in the economy and society. The author pleads for recognizing the role of criminalization and the emerging nexus of the businessman, politicians and bureaucrat in perpetuating the black economy.

REVIEWS:

A great read for anybody who wants to know how and why the black economy is spreading in India.
-Business Standard

Superbly argued, and written in a language devoid of jargon…this book is meant for any concerned and intelligent reader.
- The Telegraph

Contents

Preface

ONE
Introduction

TWO
Defining the Black Economy

THREE
Measuring the Black Economy

FOUR
The Macroeconomic Linkages

FIVE
Cause of Black Income Generation

SIX
Consequences of the Black Economy

SEVEN
Remedies for Curbing the Black Economy

Appendices

Glossary

Bibliography

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