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$1.4 trillion black money in india

According to data provided by the Swiss bank, India has more black money than the rest of the world combined. India topped the list with almost $ 1,500 billion of black money in Swiss banks, followed by Russia $ 470 billion, UK $ 390 billion, Ukraine $ 100 billion and China with $ 96 billion.
It is an embarrassment for any country to the list of black money holders to the top. The money belongs to the nation and citizens, are illegal in the personal accounts of corrupt politicians, IAS, IPS officers and industrialists stashed. An amount 13 times greater than the nations foreign debt. Each year this amount is increasing at a fast speed, but the Indian government seems to be silent on this issue a long time. The total black money is responsible for 40% of gross domestic product (GDP) of India, if all the money comes back to India that could lead to enormous growth of bars in India.

A country where more than 450 million people live below the poverty line, meaning less than $ 1.25/day and would probably use a simple cash advances from someone. By bringing back the black money back to the country there are so many that can be done to develop the nation and the people who live below the poverty line. India will also be able to have their foreign debt is not evident in 24hrs. Even if all taxes were abolished, the government can maintain the country for 30 years.
It was found that about 80 thousand people each year, of whom about 25 thousand travel regularly travel to Switzerland. Those who regularly have to do it for some reason.
The Indian government must take some serious steps to take the money to get back to India in Swiss banks is stashed. They should work to find out the names of account holders in Swiss banks and Swiss banking press the black money to get back into the country. It also a matter of pride of the nation and the government remains silent on this matter, however, you will only get themselves a laughing stock for the world. India is now trying to get the black money.

                Black money is day by day increasing. 


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