UNDERSTANDING THE BLACK ECONOMY AND BLACK MONEY IN INDIA
Arun Kumar
Aleph Book Company
144 pages; Rs 399
Demonetisation was arguably the most direct assault on the black economy in India in recent times. It was a political gamble that went beyond the customary lip service expected of politicians on a perennially contentious issue.
Any analysis of whether demonetisation succeeded in making a significant dent in the stock of black money will first have to quantify the size of the black economy. There have been various attempts to ascertain the size of black economy in India, but given the paucity of data,
