ABSTRACT
In the context of black marketing having since become a way of life in the Indian sub-continent, research on this subject in applied economics in the Indian situation has become imperative. In India, particularly during the last few decades, forces of black market, black money, smuggling and such other economic offences have wielded a substantial control over the economy, and have played havoc with the standard of living of the people and economic pursuits of the government. Nicholas Kaldor's was a pioneering effort in estimating the ranges of black money and tax evasion in India. An analysis has been made in the present research of the evolution of corruption in India from the ancient Hindu period to the present time. The socio-economic consequences of black market, black money, smuggling and other economic offences have been extensively discussed in appropriate places in the course of the research.
