Sizing Up the Black Economy-Some Issues Raised by the NIPFP Methodology

Some Issues Raised by the NIPFP Methodology Arun Kumar The method used by the National Institute of Public Finance and Policy in its report "Aspects of the Black Economy in India" to obtain the size of the black economy, while representing a major new effort, promises far more than it delivers and a reliable and accurate method of estimating the size of the black economy still remains elusive.