What is the effect of black money on our economy?
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The infusion of unaccounted black money in the economy leads to higher inflation. It also increases the disparity between the rich and the poor. Firstly, the black money keeps circulating among the wealthy and creates more opportunities for them. Secondly, the increase in the inflation hits the poor the most.
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The infusion of unaccounted black money in the economy leads to higher inflation. It also increases the disparity between the rich and the poor. Firstly, the black money keeps circulating among the wealthy and creates more opportunities for them. Secondly, the increase in the inflation hits the poor the most.
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