Tag Archives: India rupee

How Much Indian Rupee is Really Stashed Overseas?

Over the period 1988–2012 the cumulative outflow from India due to mis-invoicing was in excess of US$186 billion. This is an astonishing figure. To put this in perspective, at the end of December 2013, India’s short-term external debt was US$92.7 billion: less than half of total capital flight through mis-invoicing in the period 1988–2012.

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