The black money market situation in India is epidemical. India currently tops the list for black money in the entire world with almost US$1,456 billion in Swiss banks (USD 1.4 trillion approximately) in the form of unaccounted money.
According to the data provided by the Swiss Banking Association, India has more black money than the rest of the world combined.
Indian Swiss bank account assets are worth 13 times (1300%) the country’s national debt, and, if this black money is brought back to the country, India has the potential to become one of the richest countries in the world, after the United States.
However, Indian scams (like 2G spectrum scam) and scamsters (like Hasan Ali Khan) are considered one of the biggest, if not the biggest, in the world, and continue to plague the nation.
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