TY - BOOK AU - Kumar, Arun TI - The Black Economy in India SN - 9780143028673 U1 - 330.954 KUM 23 PY - 2017/// CY - New Delhi : PB - Penguin Books KW - Black market KW - Corruption KW - Informal sector KW - Tax evasion N2 - 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 ER -