The Narendra Modi government’s sudden demonetization of Rs. 1,000 notes in November 2016 failed to put a dent in the black economy but caused untold hardship to hundreds of millions of Indians. It has crippled the country’s economy for a long time to come. In this book, Arun Kumar, the country’s leading authority on the black economy, tells us why Modi’s gambit failed. He shows us the way in which the problem can be rooted out, provided the government has the political will and determination to act.

• Arun Kumar Kpmg

Today, the black economy is estimated to be 62 per cent of GDP—or about Rs. 93 lakh crore ($1.4 trillion). Corrupt businessmen, corrupt politicians, and corrupt members of the executive (bureaucrats, police and the judiciary) are responsible for controlling the black economy and enabling its growth.

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Particularly in terms of causes, impacts and government initiatives. For estimating black economy but. Most of India’s black money. Candidates tend to get very emotional and aggressive on the Prelims Black economy in india arun kumar pdf articles. So, I request all to maintain civility during the comment discussions. Black economy in india arun kumar pdf Black economy in india arun kumar pdf Black economy in india arun kumar pdf DOWNLOAD! DIRECT DOWNLOAD! Paper An Empirical Study on the Transfer of Black Money from India: 1948-2008. Arun Kumar Vision Books Pvt. Ltd., New Delhi, 2013, pp. 792, `1450 T. Indian Economy Colonial Disruption Black Economy Right to Information Accountability.

Black economy in india arun kumar pdf Black economy in india arun kumar pdf Black economy in india arun kumar pdf DOWNLOAD! DIRECT DOWNLOAD! Paper An Empirical Study on the Transfer of Black Money from India: 1948-2008.

If the black economy were to be dismantled and turned into a part of the ‘white’ economy, the country’s rate of growth would be 12 per cent. If it had not grown the way it has since the 1970s, India’s per capita income today would be approximately Rs. 7 lakh per annum ($11,000) and India would become the second largest economy in the world. If the black economy were taxed at current rates, it would generate Rs. 37 lakh crore in additional taxes and the union budget would show a surplus of Rs.

Arun Kumar Kpmg

31 lakh crore instead of a deficit. The failure of successive governments to tackle the problem effectively has been the single biggest obstacle to eradicating poverty. It is the cause of both widespread policy failure and the inability of the nation to improve its living conditions rapidly.