Understanding the Black Economy and Black Money in India

This book examines the impact of Narendra Modi's 2016 demonetization move and why it failed to curb the black economy in India, which is estimated to be a significant portion of the country's GDP. Arun Kumar, an expert on the black economy, explores the deep-rooted issues involving corruption and the challenges in dismantling illicit financial activities. He discusses the potential benefits of turning the black economy into a part of the formal economy and highlights the importance of political will in addressing this long-standing obstacle to India's growth and poverty eradication.