Every now and then, a news channel or a news paper will have a piece on Economy – Recession, Bears, Bulls, Revival and other such economic mumbo-jumbo. But how many of us truly understand the Economy? It is not a thing that we can bind in rules and theories. Every Economics paper ever presented is basically based on the experiences and learnings of an individual, and how he or she feels while understanding the philosophy of economy. Economicsis not mere mathematics, it’s a spontaneous reaction of human kind to the situations they have created for themselves, knowingly or unknowingly, for better living, or for what their perception of better living is.

This so called black money affects the inflation in the country. It defies all the theories of economics. Thus whatever action the Reserve bank of India takes to curb the inflation, it is never effective as it has no effect on the amount of black money floating in the market, and as a result the prices of the commodities keep increasing in spite of the steps taken by the central bank to curb them. And no one is immune to price rise, regardless of the amount one may be earning.
However, despite its side effects we Indians are involved in this black money market in one way or another. Some of the ways in which we contribute to this black market are: