| Topic : India's Mushrooming Black Economy.... |
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Activity:
Question posted: 02 26 2011 12:40:02 +0000,
1 answers, 121 views, last activity
03 19 2011 09:48:46 +0000
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According to the data provided by the Swiss bank, India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by Russia $470 Billion, UK $390 Billion, Ukraine $100 Billion and China with $96 Billion.
It’s embarrassing for any country to top the list of black money holders. The money which belongs to the nation and it’s citizens, is stashed in the illegal personal accounts of corrupt politicians, IRS, IPS officers and industrialists. An amount which is 13 times larger than the nations foreign debt. Every year this amount is increasing at a rapid speed but the Indian government seem to be silent over this matter from a very long time. The total black money accounts for 40% of GDP of India, if all the money comes back to India then that could result in huge growth burst for India.
Publish the list / Bar them from travelling out of the country / start legal proceedings.....
- Create a confidential Career Profile and Resume/C.V. online
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I agree. India should be self-reliant in this filed it has capability to do so. Imports are means of getting kick-backs for politicians should be restricted. They also drain a lot of foreign excahnge which is not good for the economy. |
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Yes I agree with Sheetal. I will like to add to her point that many students get degrees but they have no knowledge. In some cases people persue courses which do not have anything to do with their area of work. Its just for show-off. |