Indian loses Rs 10 lakh crore from black economy every year- Finance-Economy-News-The Economic Times: "NEW DELHI/MUMBAI: Your rightful indulgences like shopping, eating out, going to movies, most certainly have a bolstering effect on the economy.
But, there exists a dark side which cleverly evades taxes to generate what is colloquially referred to as ‘black money’.
This ‘sin’ economy, comprising fake and counterfeit products, smuggled and pirated goods, unauthorised gambling, bribery and prostitution, among a host of other sinister activities that go unaccounted, has a draining effect on the economy. So Just how big is the black economy?"
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