Home arrow Resources arrow India & Black Money
India & Black Money

 

GFI's latest report, "Illicit Financial Flows from Developing Countries: 2002-2006," found total illicit financial outflows from India alone to average from a low of US$22.7 billion to a high of US$27.3 billion per year.

 

Illicit capital outflows has emerged as a major issue in this year's election.

 

Additional Resources


 

Read Raymond Baker's Financial Times Op-Ed, "India shows us the curse of 'black money'"

 

Read GFI Lead Economist Dev Kar's Indian Express Op-Ed, "What We Actually Said"

 

Read GFI's Release: Illicit Financial Outflows from India $22 Billion-$27 Billion per Year

 

Read GFI Lead Economist Dev Kar's Official Statement on Illicit Capital Flight from India