NATURE OF THE COUNTRY S BLACKof the country s black This is not in any way a thorough work though it is uite clear that the author is ualified to pen one It s a tiny book that serves its purpose Personally it allowed me to develop a framework to process the events that take place in the black economy Recommended to all as it is written in a very simple
STYLE THIS BOOK IS NOT FOR A LAYMAN THEThis book is not for a layman The has effectively started the book by counting on the story of the blind men and an elephant Ironically after reading book we may also feel ourselves as one of blind men who got the tail of elephant and assumed it as a broom For example the author The Narendra Modi government's sudden demonetization of '500 and '1000 notes in November 2016 failed to put a dent in the black economy but caused untold hardship to hundreds of millions of Indians It has crippled the country's economy for a long time to come In this book Arun Kumar the country's leading authority on the black economy tells us why Modi's gambit failed He shows us the way in which the problem can be rooted out provided the government has the political will and determination to actToday the black. As correctly identified the problem of black economy
as a triad of corrupta triad of corrupt businessmen corrupt politicians and corrupt members of the executive he fails as I to give a specific way by which this triad can be eliminated It is better if we see this book only as an opinion book rather than a reference book for an economics student After demonetization of 2016 when there have been lots of talks on black money this book is supposed to be timely busting lots of myth and providing some groundbreaking objective analysis Sadly the book fails to cover new grounds that I have not already read in umpteen articles published or understood in newsroom debates The aut. Economy is estimated to be 62 percent of GDP or about '93 lakh crore 14 trillion Corrupt businessmen corrupt politicians and corrupt members of the executive bureaucrats police and the judiciary are responsible for controlling the black economy and enabling its growth If the black economy were to be dismantled and turned into a part of the 'white' economy the country's rate of growth would be 12 percent If it had not "grown the way it has since the 1970s India's per capita income today would be approximately "the way it has since the 1970s India's per capita income today would be approximately ,Businessmen Corrupt Politicians Andcorrupt politicians and members of the executive he fails as I
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Hor admits in the acknowledgements Si This Felt Like A Long Blog like a long blog magazine article a long Caravan Indian news magazine cover story Have read a few 200 page large font books lately but this one is even half those at 100 pages Or maybe it will feel like a poor cousin
of Gurcharan Das books loved his India Grows At Night on a similar themeThe author talks ofGurcharan Das s books loved his India Grows At Night on a similar themeThe author talks of origins growth functioning and remedies of black money and black economy He also takes a brief look at PM Modi s demonetisation Inevitably bcoz of its length such books leave one dissatisfied Still a good introduction to the topic Thankfully didnt spend money on it as it was avail in Kindle Unlimited. Akh per annum 11000 and India would become the second largest economy in the world If the black economy were taxed at current rates it would generate '37 lakh crore in additional taxes and the union budget would show a surplus of '31 lakh crore instead of a deficitThe failure of successive governments to tackle the problem effectively has been the single biggest obstacle to eradicating poverty It is the cause of both widespread policy failure and the inability of the nation to improve its living conditions rapid.