Question

Discuss on various sources of black money and its impact on Indian economy?
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Answer 1

Answer:

Loss of revenue to the government and running of parallel economy in the country– The increase and spread of black money has a serious impact on the economy as it results in the reduction if government revenues. ... Black money has added to this corruption by the illegal transactions which are made to hide the black money.

Answer 2

Answer:

Loss of revenue to the government and running of parallel economy in the country– The increase and spread of black money has a serious impact on the economy as it results in the reduction if government revenues. ... Black money has added to this corruption by the illegal transactions which are made to hide the black money.