Black money worth $21 billion taken out from India in 2014, says Global Watchdog

The international watchdog Global Financial Integrity (GFI) said in its latest released report that over $21 billion worth of black money was illegally taken out of India in 2014.

As per reports in TOI, the reports said that the illegal outflow was more than 19 percent from its erstwhile year.

The watchdog also shared information that the inflow of illicit funds was 11 per cent in 2014 which was higher than the previous year in the country.

It was reported that the illicit fund which was drained out from the developing world was between $620 and $970 billion.

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The illegal inflows that are accounted at whopping $1.4-$2.5 trillion. 

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