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Black money outflow from India increases nine-fold

Last Updated: Tuesday, December 16, 2014, 16:38

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.

Facts on Corruption

Last Updated: Wednesday, September 4, 2013, 16:35

A study done in 2005 by Transparency International in India found that more than 62% of the people had firsthand experience of paying bribe or peddling influence to get a job done in a public office.

Illicit outflow of money from India pegged at $104 bn

Last Updated: Tuesday, May 22, 2012, 00:18

The illicit outflow of money from India has been estimated at USD 104 billion as of December last year, according to a report of the Global Financial Integrity (GFI).

`India lost billions in illicit outflows`

Last Updated: Tuesday, September 14, 2010, 12:10

An estimated illicit outflow of USD 125 bn took place between 2000 and 2008.