Assistant Professor in
The term parallel economy emphasizes a confrontation between the objectives of the legitimate and illegitimate sectors. For instance, in the broad long term objectives of planning to establish a socialist pattern of society, we include full employment, removal of disparities of income and wealth, avoidance of conspicuous consumption so that more resources are available for a large volume of savings, the removal of poverty, the attainment of self reliance and provision of equality of opportunity. The inequalities are no longer below the surface The conspicuous consumption of the en w ‘black’ rich, their vulgar display of pomp and opulence, their unlimited accessibility to finance, their nest eggs in various places and countries, their influence in important places, all these are now common knowledge”. In this present study made an attempt to know the policy measures taken by the government and the extant of black economy in India.
Black Money, Corruption, Parallel Economy, Illegal Economy
