Estimate Indian black money at $1.4 trillion

Abstract

Corruption in government is also one of the greatest aides of black money. – It is no secret that black money has been flowing out of India into Swiss banks and other tax havens. ”There are presumably more than 70 tax havens in the world. The ill-gotten wealth of Indian businessmen and politicians could be more in Switzerland and various British/US islands,” Prof R Vaidyanathan, Professor of Finance at the Indian Institute of Management, Bangalore, and a visiting faculty at Manchester Business School said. Read more at: https://rvaidya2000.com/2010/09/01/prof-r-vaidyanathan-estimate-indian-black-money-at-1-4-trillion/