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Over Rs 673000 cr black money lost

Hyderabad, Dec 21 (News Media):
According to Global Financial Integrity, Indian suffered a loss of over Rs 673000 crore ( 123 billion US dollars ) during a decade ( 2001 to 2010 ). The GFI in its reports made clear that over Rs 8700 crore was sent away from the Indian shores in 2010 itself. The GFI released a report under ‘ illegal amount sent overseas from the developing countries 2001-2010 ‘.
Experts were of the opinion that if a part of what Indian lost in the form of black money was invested in the power grid there would not have been a power shortage. The expert Devkar observed that this black money, if invested in right perspective, would have improved health, education and other infrastructure facilities in the sub-continent.
India was said to be the eighth victim among other nations hit by the black money kings. China suffered a loss of 2.74 trillion dollars, Mexico 476 billion dollars, Malaysia 285 billion dollars, Saudi Arabia 201 billion dollars, Russia 152 billion dollars, Philippines 138 billion dollars and Nigeria ( West Africa ) lost as much as 129 billion dollars.