BLACK MONEY IN INDIA: CURRENT STATUS AND IMPACT ON ECONOMY

Abstract

In the present era, issue of BLACK MONEY has come into forefront of the society with active participation of our youth and parliament. In the context of current status it includes sources from where black money is generated and its uses in the country at different levels. This paper represents the framework, policy options and strategies that Indian government should adopt to tackle with this issue and also describes the Impact on economy in this context. It also studies the one of the main reason behind the generation of black money i.e. corruption. It shows up to what extent, the corruption leads to its generation which has considerable impact on various sections of the society. At last but not least, conclusion of this paper is provided representing the ongoing issue of black money in our country and its future course of action. To control the generation of black money there should be a strong and appropriate legislative framework. The present paper helps to know about present status of black money in INDIA & its Impact on economy.