Unaccounted Economy in India-A Critical Review of Some Recent Estimates

Unaccounted Economy in India A Critical Review of Some Recent Estimates Shankar Acharya During the last two years a number of writers have attempted to estimate the size of the black economy in India and gauge its trend over time, Some of these estimates have been in the nature of 'informed guesses'. Others have attempted to articulate and deploy analytical methods which have the advantage of facilitating discussion and assessment of the techniques used, and not just the results obtained. A third category of writers present estimates which purport to be based on the application of analytical techniques, but do not delineate their methods in sufficient detail to permit adequate assessment.