$505 billion outflow of black money from India

An estimation of $505 billion (about INR 34 Lakh Crores, as per current exchange rate) black money was outflow from India by a US-based think tank is 'heavily inflate' the Directorate of Revenue Intelligence has informed the Supreme Court-appointed SIT looking into cases of ruin money. Global Financial Integrity (non profit research and advisory organisation) functioning from Washington had in its report 'Illicit Financial Flows from Developing Countries 2004 2013' estimated that black money outflow from India for the period was to the tune of $505 billion .