The mystery of Indian trade’s missing billions
We may not know exactly how big the racket is, but it is now big enough to start showing up as a mismatch in official trade data.
On a rainy August afternoon, in Mumbai, three officers from India’s Central Board of Indirect Taxes and Customs (CBIC) found themselves scurrying in the by-lanes of Dharavi, one of the world’s largest slums.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more