The Kumar, Arun creator text xx New Delhi Penguin Books 2017 9999 Revised edition monographic und 320 p. ; 136 x 215 mm. This book analyzes the scale, causes, and macroeconomic consequences of the parallel or shadow economy in India. Written for the general reader by a leading public finance economist, the text outlines how the black economy grew significantly from 1991 to 2013 through a combination of legal and illegal activities, facilitated by a nexus of businesses, politicians, and bureaucrats. The revised edition specifically evaluates the impacts of the central government's November 2016 demonetization move and explains why structural reforms and public transparency are needed rather than simple currency-focused technical fixes. Arun Kumar Black market Corruption Informal sector Tax evasion 330.954 KUM 9780143028673 260708 20260708150741.0