Question

Effect of black money in our economy

Answer 1

It increase garibi. .....

Answer 2

Black money or unaccounted money lead to loss in our economy. Black Money lead to the loss in the revenue of the government. In india there is large scale of tax evasion. Evation mean hiding. Black money is money which the people used to hide their income to pay less tax and this lead to loss for government revenue so government earn less as a result invest less and lead to less income of others. This also leads to a problem in the calculation of income, it is be calculated by the amount of income tax for the principal income received. And unaccounted or black money lead to a show of less income earned during the year and for records although india earn more than it be recorded in the national income. It also affect the value of per capita income.
If it help u then please make it brainleist answer