THE BLACK MARKET

Black market, to put it in a nutshell, it is illegal trading, or business or commerce, whatever way you want to put it. Not paying tax, smuggling drugs or human trafficking, they all fall under the title "black market". Everyone has a generalized idea about this as something that causes the economy to crumble, the big brands to go bankrupt and destabilize the economy. yes, these things are true to an extent. The security and rights of the people who are directly or indirectly involved or forced to get involved in these activities are not given the due priority. The quality and after sales service (though there is nothing like that really) are not reliable and consumers are not compensated for faulty products. But on the other hand, when all the countries were in woes of the global financial meltdown, Indian economy was still stable, and that was due to India's rampant informal market or the black market.

so make your judgement.