$490 bn in black money stashed abroad by Indians

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Studies conducted by three premier institutes — NIPFP, NCAER and NIFM — have concluded that unaccounted wealth held by Indians outside the country till 2010 could be as high as $490 billion, besides black money parked within the country as ‘investments’ in sectors like real estate, mining, tobacco/gutka, bullion, films and education.



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