Indian economy has a kind of dual personality, split as it is, into the ‘white’ and the ‘black’ economy, with cash transactions (though not always of an illicit nature) dominating the latter. But these economies don’t exist separately from each other. They drive each other, and feed off each other, and money flows from one into the other, depending on the economic cycle and entrepreneurs’ ‘animal spirits’.
Link to the detailed story and the image (source: Economictimes): click here
