Black Economy

Demonetisation, cashless economy: Covering up the fiasco with a new trick means more trouble

Despite the unprecedented man-made financial and economic disaster, Prime Minister Narendra Modi’s demonetisation adventure purged no black money.

Demonetisation: Not the most effective tool to weed out corruption, eliminate black money

Through 'demonetisation', we have targeted the minuscule of the big whole, disturbing the natural flow of the cash economy in the country, which is very much a part of the main economy.

Demonetisation: How cash drought at India Inc resulted in stranded trucks, unpaid workers

The cancellation of 500 and 1,000 rupee notes ($7.3 and $14.7), more than 80 percent of currency in circulation, threatens to push Asia's third-largest economy into a liquidity crisis.

The Aakar Patel column: Don't blame the Indian state for "black" economy, blame yourself

We will continue to have a large 'black' economy, as long as other Indians don't pay tax. Our behaviour has to change if we are to make our country great.

Without black money, India can be $9 tn economy

Indian economy could have been the second-largest in the world without the black money. Per capita income could have been seven times larger; India would then have been a middle-income country and not one of the poorest.