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China tops in illicit cash flow

International watchdog Global Financial Integritys (GFI) report on illicit financial flows says nearly Rs 6 lakh crore was illegally siphoned out of India in the decade spanning 2000 to 2009. GFI estimates illicit flows by looking at data on two aspects of the economy.The first category is calculated by comparing foreign funds generated by external borrowings and foreign direct investment with the uses to which these funds could be putbridging the countrys current account deficit or adding to its forex reserves.

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