Black Money in India

Hello everyone.

My name is Sarath Kumar.

Today, the given topic is black money.

I want to tell you what black money is. Black money means that people earn money which comes from illegal work, hide from the government and don't pay taxes, which is called black money. This is a big problem for our country.

That's why India is not a developed country; if you don't pay taxes, it will destroy our GDP growth.

There are so many people in India who have black money that it is a big reason why the rich became richer and the poor became poorer. The government made a good decision. The note ban in India reduced the black money.

Conclusion: In my opinion, black money is a big problem in our country, because of black money, our GDP growth has decreased. A cashless economy is a good initiative to decrease black money because of cashless economy and last, I would like to say that the government should take strict decisions against black money.

Black money is illegal to work and it's very harmful for own country, so the Government should improve this problem also.

In my opinion, corruption is day-to-day, so the Government is strictly working on this corruption.

Thank you.

Thank you, everyone.

Hi everyone,

Black money is money which is earned illegally and also avoids paying taxes. Mainly black money takes place in richer people. In this highly qualified professionals are provide service to avoid for paying taxes.

Professionals must be ethical in providing services to clients.

The government of India takes all measures to avoid black money but they are not executive effective.

Black money is one of the major financial problems in India. It causes the Indian economy, GDP and per capita income also.

Digital India is one of the main schemes to prevent black money.

People who use bank channels for payment and receipt purposes, it has a chance to avoid black money.

Thank you for giving this opportunity to everyone.

Hello this is Rajesh.

Black Money is a word which consists of a lot of information regarding the Indian Economy which is GDP. As the Taxpayers most of them are poor and middle-class working men/women. But most of the higher-standard people just there ignore tax. That means there just hiding the black money because of them Middle-class and poor people are suffering. In India, if Black Money increases, the young generations' growth will worsen at a certain point.

Thank You.

Black money is money earned illegally, and there are no official records of where it came from. Black money may take different forms, such as cash, gold, diamonds, foreign currency, and land.

The people don't pay taxes to the government which will impact the Indian GDP and effect the many people.

Corruption is mostly done by people who are in power.

If you earn money in the wrong way and don't pay taxes to the government all kinds of money are Black money. Black money may be in different forms like Cash, Diamonds & Gold, foreign currency land etc.

Maximum-time businessmen and Politics they have black money. These people are hiding information of income to save taxes and other people making money in the wrong way i.e. bribery they thinking without bribery not possible to do any work.

Hello, I'm Sakshi.

The topic given for GD is black money.

Black money is not limited to unpaid taxes but it has different faces, either in the form of gold, currency, foreign deposits, market shares or land.

Unless and until the Government takes any strict action it becomes a serious issue.

80% of the people from the country belong to the middle class or poor class category. This Black money affects their basic needs and this affects the GDP of our nation. Because of black money corruption rises and India is still a developing country not a developed country.

Black money means money earned in illegal ways and people have no official record of where this money came from and by this people don't pay taxes to the government. That will affect the GDP of India and it will impact a lot on normal people also. Corruption is mostly done by people who have power.

Hello everyone.

My name is Nidhi Sahu.

Today the given topic is black money.

I want to tell you what is black money. Black money means that people earn money which comes from illegal work hide from the government and don't pay taxes, is called black money. This is a big problem for our country.

That's why India is not a developed country, if you don't pay taxes it will destroy our GDP growth.

There are so many people in India who have black money that's a big reason why richer became richer and poorer became poorer. The government made a good decision Notebandi in India it reduced black money.

Conclusion: In my opinion, black money is a big problem in our country, because of black money our GDP growth has decreased, a cashless economy is a good initiative to decrease black money because of cashless economy and last I would like to say that the government should take a strict decision against black money.

Black money is illegal to work and it's very harmful for own country so the Government improve this problem also.

In my opinion, corruption is day-to-day, so the Government is strictly working on this corruption.

Thank you.

Thank you, everyone.

I wish to talk hereby about black money in India.

Black money is nothing, but Money earned in illegal activities and the unpaid amount as a payment of tax to the government. The person who hides some of the amounts from the total earnings to avoid proper tax payment. Mostly, it is held in India, It is a very important thing to be analyzed by the reputed officers to the development of India's economy.

Hello good morning sir,

Nowadays black money is common because in their particular job, they illegally earn money through corruption. More amount is coming from corruption which is mostly handled by Government officers, and politicians. But some people are being paid by the government perfectly. If they do wrong they hide more money in the house and some hidden places.