Black economy

Indians’ unaccounted wealth abroad estimated at $216-490 billion

New Delhi:Unaccounted wealth outside the country held by Indians was estimated in the range of $216.48 billion to $490 billion over various periods between 1980 and 2010, according to three separate studies conducted by three premier institutes — NIPFP, NCAER and NIFM.

The studies conducted by the three institutes have found that the sectors where unaccounted income is found to be the highest included real estate, mining, pharmaceuticals, pan masala, gutkha, tobacco, bullion, commodi ..

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Credit: The Economic Times

PTI|Updated: Jun 24, 2019, 09.39 PM IST

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