The informal and undocumented trade that dominates domestic trade in India is referred to as:

Question

Quizplus · Accepted Answer

"Black money" is the term applied in India to informal and undocumented trade, which corrupts the nation's landscape of domestic trade. The forum for these sales is known by the universal term "black market." Black market transactions are damaging to India's economy not only because they take revenue away from lawful, regulated businesses, but because the income derived from these transactions goes untaxed. It is estimated that the rupee equivalent of roughly $1.5 billion dollars from black market trafficking is stashed in banks outside of the country.

The Informal and Undocumented Trade That Dominates Domestic Trade in India