To study the gap of black economy in India
Name:- Ms.Trupti Satish Waghmare
Institute name :- Changu Kana Thakur Arts, Commerce, Science College ,new panvel(autonomous). Class:- mcom-i Research advisor:- dr. Kirti Varma
Abstract :
This study examines the intricacies of the black economy in India, focusing on its size, impact, and contributing factors. The black economy, operating outside the formal economic framework, poses significant challenges to India's economic growth, tax revenue collection, and equitable income distribution. Despite its importance, accurately estimating the black economy's size and understanding its dynamics remain complex due to its clandestine nature.
This research aims to bridge the knowledge gap regarding the black economy in India by analyzing its relationship with tax evasion, corruption, and regulatory complexities. Utilizing a combination of empirical analysis and review of existing literature, the study highlights the black economy's implications for India's fiscal system, income inequality, and monetary policy effectiveness. The findings suggest that addressing the black economy requires robust tax enforcement, simplification of regulatory frameworks, and strategies to promote fair competition and reduce income disparities.
By shedding light on the black economy's characteristics and consequences in India, this study contributes to the discourse on informal economies in developing countries and offers insights for policymakers to devise effective strategies for minimizing the black economy's adverse impacts.
Keywords:Black economy,tax evasion, corruption, regulatory complexity ,economics growth
