Question
What were the causes for the rise and perpetuation of 'black economy' in the Indian economy?
Answer :
Word Count : 514
The rise and perpetuation of the black economy in India can be traced to multiple structural, institutional, and policy-related factors. The black economy, which comprises economic activities not reported to the government or not taxed, has grown significantly in India since independence and continues to pose serious challenges to transparency, equity, and economic planning. One of the primary causes was the restrictive and complex regulatory framework introduced during the post-independence era, particularly under the License-Permit-Quota Raj. Excessive bureaucratic control over production, imports, and investment created ____ ___ _______ ___ _____ ______ ________.
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The rise and perpetuation of the black economy in India can be traced to multiple structural, institutional, and policy-related factors. The black economy, which comprises economic activities not reported to the government or not taxed, has grown significantly in India since independence and continues to pose serious challenges to transparency, equity, and economic planning. One of the primary causes was the restrictive and complex regulatory framework introduced during the post-independence era, particularly under the License-Permit-Quota Raj. Excessive bureaucratic control over production, imports, and investment created ____ ___ _______ ___ _____ ______ ________.
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