India Sees Growth Imperiled With Greek-Like Tax Evasion

BOOK REVIEW - The Black Economy in India, Author: Arun Kumar

By Tushar Dhara and Cherian Thomas – India loses 14 trillion rupees ($314 billion) from tax evasion annually, depriving it of funds for investment in roads, ports and power, said Arun Kumar, author of “The Black Economy in India.”

India’s post-independence tax and regulatory code created incentives to keep...