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NEW DELHI: Despite condemning black money, non-resident Indians have only helped to increase it. According to Aman Agarwal, professor of finance at the Indian Institute of Finance, New Delhi, the total amount of black money globally is estimated between $2.1 and $2.5 trillion. This is roughly about seven percent of the world’s GDP.
Indians have stashed away no less than $1.4 trillion in black money in Swiss banks, according to a Swiss Banking Report. Indians are trailed by Russians at $470 billion, Britons at $390 billion, Ukrainians at $100 billion and Chinese at $96 billion. | 
