{"product_id":"understanding-the-black-economy-and-black-money-in-india-hardcover","title":"Understanding the Black Economy and Black Money in India by Arun Kumar [HARDCOVER]","description":"\u003cp data-start=\"44\" data-end=\"506\"\u003e\u003cstrong data-start=\"44\" data-end=\"117\"\u003eBook Summary \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"44\" data-end=\"506\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eWritten in the wake of India’s 2016 demonetization policy, this concise 144‑page analysis unpacks the true nature of black money in India and why such a move failed to curb it effectively\u003c\/span\u003e \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eArun Kumar—widely considered India's leading authority on the shadow economy—estimates India’s black economy at roughly \u003cstrong data-start=\"120\" data-end=\"141\"\u003e62 percent of GDP\u003c\/strong\u003e or ₹93 lakh crore (about $1.4 trillion), while the cash component constitutes only 3 percent\u003c\/span\u003e \u003cspan class=\"\" data-state=\"closed\"\u003e\u003cspan class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\"\u003e\u003ca href=\"https:\/\/www.alephbookcompany.com\/book\/1153\/?utm_source=chatgpt.com\" rel=\"noopener\" alt=\"https:\/\/www.alephbookcompany.com\/book\/1153\/?utm_source=chatgpt.com\" class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]! transition-colors duration-150 ease-in-out\" target=\"_blank\"\u003e\u003cspan class=\"relative start-0 bottom-0 flex h-full w-full items-center\"\u003e\u003cspan class=\"flex h-4 w-full items-center justify-between absolute\"\u003e\u003cspan class=\"max-w-full grow truncate overflow-hidden text-center\"\u003e \u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/a\u003e\u003c\/span\u003e\u003c\/span\u003e. \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eHe identifies the entrenched \u003cstrong data-start=\"29\" data-end=\"106\"\u003e‘triad’ of corrupt politicians, businessmen, and members of the executive\u003c\/strong\u003e (bureaucrats, police, judiciary) as the primary architects sustaining this parallel system\u003c\/span\u003e. \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eThe book examines how black money stunts growth, undermines public finances, and fuels inequality, arguing that demonetization was misguided—targeting cash but ignoring the structural forces behind illicit wealth generation\u003c\/span\u003e \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eKumar outlines short‑, medium‑ and long‑term remedies ranging from stronger institutional autonomy and legal enforcement to structural reforms and citizen-led accountability movements to dismantle the black economy’s grip\u003c\/span\u003e.\u003c\/p\u003e\n\u003chr data-start=\"508\" data-end=\"511\"\u003e\n\u003cp data-start=\"513\" data-end=\"895\"\u003e\u003cstrong data-start=\"513\" data-end=\"545\"\u003eAbout the Author: \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"513\" data-end=\"895\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eArun Kumar is a highly respected Indian economist and public finance expert, educated at Delhi University, Jawaharlal Nehru University (JNU), and Princeton University. He taught at JNU for over three decades until retiring in 2015, after which he continued to hold the Malcolm Adiseshiah Chair at the Institute of Social Sciences in New Delhi\u003c\/span\u003e. \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eOver nearly four decades of research, writing, and policy engagement, Kumar has emerged as the country’s foremost authority on black money and economic inequality. His work spans development economics, macroeconomic policy, and public finance, regularly appearing in both academic and popular media\u003c\/span\u003e. Kumar argues that only a combination of political will, institutional reform, and civic action can meaningfully tackle India’s parallel economy and unlock sustainable growth and equity.\u003c\/p\u003e","brand":"Clapping Pages","offers":[{"title":"Used","offer_id":45168018161850,"sku":"2UIPZ1729-Used","price":25.0,"currency_code":"AED","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/5576\/0826\/files\/arun.webp?v=1763310716","url":"https:\/\/clappingpages.com\/products\/understanding-the-black-economy-and-black-money-in-india-hardcover","provider":"Clapping Pages","version":"1.0","type":"link"}