Four charts to explain India’s black money problem3 min read . Updated: 04 Nov 2014, 01:19 PM IST
Differing definitions, different estimates make it difficult to measure black money accurately
Prime Minister Narendra Modi has promised to bring every penny of black money stashed abroad back to India. But bringing this unacounted for money back, or indeed even its discovery, is a difficult task, leave alone legal intricacies of tax treaties. While previous governmental efforts have resulted in disparate estimations, some scholars even argue that this money has been laundered back into India through foreign investments. Here are four charts that provide a quick recap of the black money problem.
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