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Posts tagged ‘Black Economy’

Book Excerpt: From Arun Kumar’s ‘Understanding the Black Economy and Black Money in India’

By Arun Kumar
The actual input-output ratio of the economy is lower than that suggested by the white economy. This results in problems of planning and failure in execution. In simple terms, suppose the government is planning for 100 while the economy is actually 162 (because of the black economy), so the state is planning for the wrong amount of requirement of steel, energy, transportation and so on.