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India ranks fourth in outflow of black money - ABN

Fri, Dec 11, 2015, 07:03 AM
Global Financial Integrity (GFI), a US-based research and advisory organisation, has released its annual report. In the report, the GFi said India ranks fourth in outflow of black money from India. The report said that black money USD 5l billion per annum from India was deposited in foreign countries in between 2004 and 2013. China tops the list with USD 139 billion outflow per annum, followed by Russia and Mexico.
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