Effects Of Black Money On The Economy Call or Whats app

It directly affects a country's financial health as the policies that are made by the RBI to tackle inflation cannot be implemented correctly. A major portion of the government’s revenue comes from collecting taxes and since people evade taxes, the funds that stay with the government are lesser than what should have been. People earning black money fall in a vicious cycle of using these funds for illegal activities and thereby increasing the amount of black money in an economy. Call or Whats app Dollar Washington