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An Empirical Study on the Transfer of Black Money from India: 1948-2008
Economic and Political Weekly, India (2011)
  • Dev Kar, Global Financial Integrity
Abstract

This paper provides an in-depth analysis of the drivers and dynamics of black money transfers (illicit financial flows) from India since the first full year after independence until 2008. Such flows are more likely to have been driven by a complex interplay of structural factors and governance issues than they are by poor macroeconomic policies.

Keywords
  • Black money,
  • illicit financial flows,
  • capital flight,
  • India
Publication Date
April 9, 2011
Citation Information
Dev Kar. "An Empirical Study on the Transfer of Black Money from India: 1948-2008" Economic and Political Weekly, India Vol. XLVI Iss. 15 (2011)
Available at: http://works.bepress.com/dev_kar/6/