According to a study report of the Global Financial Integrity, it is estimated that about $ 439 billion is the financial outflow from India to other countries, mostly black money from 2003 to 2012. In 2012 alone it is $. 94.8 billion.
The report also indicates that almost the same amount will be the black money stashed inside India also.
Studies, reports etc. are OK. But what about catching the holders of black money and punishing the guilty? The inaction on the part of the UPA and NDA governments clearly show that they are not interested in catching the big fish. Till such time drastic actions are taken, black money will flourish.