Like
any other economy, India also faces the problem of black market. The
Indian black market deals with buying and selling of goods and services
illegally. However, the black market in India should be the last place
to be visited by a tourist and that too if he/she wants to invite
trouble! Black marketing in India is as illegal as it is in any other
country and those found guilty of dealing with the black market are
often punished severely. The fines can run into several thousands of
dollars.
Black markets develop when the Government places certain limitations on
the production or provision of goods and services. During such
situations, black markets take advantage and buy and sell these
prohibited commodities illegally. The transactions are done under
hush-hush conditions, necessarily in the dark, hence the name black
market. The people handling these transactions are very clever and will
do anything to save their faces if caught in a scam.
Also, it has been reported that cops sometimes disguise as these people
to find out who deals with them and the prospective "clients".
They strike a deal with you and if you agree to deal in illegal
transactions, you are caught red-handed and given a taste of the Indian
jails!