Black Money in India

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.

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 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.

Black money means illegal or hidden money that escapes taxes.

So, the Government loses tax money, so less money for schools, hospitals, and roads.

And prices of land, houses, and daily goods increase.

It weakens the country's economy and growth. Government schemes and welfare plans fail due to a lack of funds. Honest taxpayers feel discouraged when others escape tax. And it also encourages corruption, bribery, and illegal activities. So, the government made a good decision to ban notes.