& EMERGING ECONOMIES SURGED TO US $ 1.1 TRILLION
IN 2013 SAYS A NEW STUDY BY GLOBAL FINANCIAL
INTEGRITY,A WASHINGTON DC BASED RESEARCH &
"This study clearly demonstrates that illicit financial outflows are the
most damaging economic problem faced by the world's developing
and emerging economies," said,GFI President Raymond Baker.
US $ 7.8 Trillion drains from Developing World from 2004 to 2013.
The study ranks the countries by the volume of illicit outflows.
According to the report, the 20 biggest exporters of illicit flows
over the decade are named.India ranks 4th with US $ 510.29 billion
( Cumulative) after China,Russia & Mexico.