What were the causes for the rise and perpetuation of ‘black economy’ in the Indian economy?
The rise and perpetuation of the 'black economy' in India can be attributed to several interconnected factors:
1. Regulatory and Taxation Burdens: Complex and burdensome regulations, along with high tax rates, have incentivized individuals and businesses to engage in informal economic activities to evade taxes __________ _________ ___ _______ _________.
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