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Essay

India and the Black Market

Essay specific features

 

Issue:

Business

 

Written by:

Erik F

 

Date added:

August 18, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

16 / 4244

 

Was viewed:

7336 times

 

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Essay content:

We have a government that spends about Rs 350,000 crore a year, most of it on itself, and asks for accounts of every paisa. On the other side, we have black money worth Rs 400,000 crore every year, which is just guesswork, and there are no accounts. This money goes into property, which is why real estate prices are so high, and of course five-star hotels...
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This money goes into property, which is why real estate prices are so high, and of course five-star hotels. If the government could have all this money, or even a small fraction, there would be no need for revenue or fiscal deficits, and no need for huge borrowings to make two ends meet. How big is $ 100 billion? It is bigger than you think...
displayed 300 characters

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