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News and Articles on Parallel Economy
Budget: Pranab should be happy global finance is opening up Jun 16, 2009
The fact is India has a schizophrenic parallel economy, estimated to be about 40% of the official one, which acts as a cushion against any economic crises. For instance, there cant be large scale housing payment defaults in India simply because most home buyers pay a tidy sum as unaccounted cash. (India Times)
A Lone ranger in Kashmir May 9, 2009
As a professor at Kashmir University says, "There are vested interests at work. Everybody from the Indian security forces to the Hurriyat leaders and the hired guns from the other side benefit from the strife. It runs like a parallel economy. Money is pumped in from all sides to keep it alive and under international focus. No one is interested in a solution that would bring succor to the common Kashmiri.". Such home truths are not confined to the drawing rooms of the intelligentsia. (Asia Times Online)
SUBVERSE: Poll-itical economy Feb 25, 2009
Poll-itical economy-Subverse-Opinion-The Times of India. Poll-itical economy25 Feb 2009, 0010 hrs IST, Jug Suraiya. (India Times, India)
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