$505 billion outflow of black money from India 'heavily exaggerated', Directorate of Revenue Intelligence to SIT
Global Financial Integrity had in its report "Illicit Financial Flows from Developing Countries 2004-2013" estimated that black money outflow from India for the period was to the tune of USD 505 bn.
Jun 12, 2016, 11:22 AM ISTBlack money outflow from India increases nine-fold
The outflow of black money from India to foreign countries has increased nine-fold from USD 10 billion in 2003 to USD 94.7 billion in 2012.
Dec 16, 2014, 16:38 PM IST