Economy

Rs 5.3 Lakh Crore Flowed Out Of India Illegally in 2007: Government Report

Swarajya Staff

May 19, 2017, 02:56 PM | Updated 02:55 PM IST


India currency notes (INDRANIL MUKHERJEE/AFP/Getty Images)) 
India currency notes (INDRANIL MUKHERJEE/AFP/Getty Images)) 

About Rs 5.3 lakh crore (at the current exchange rate of Rs 64/US dollar) flowed out of India illegally in 2007, a government-commissioned report on black money has revealed. The amount is 5% less than the water resources ministry's estimates (Rs 5.6 lakh crore) of the cost of linking the country's rivers to address water scarcity…


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