Rohit Bhatt

“Though domestic black money is an expression of no-confidence in the government of India, some part of the domestic black money is used in productive activities like real estate, trade, construction, mining, transport, restaurants and other businesses. As previously stated, illicit money kept abroad is a no-confidence vote in India itself—its stability and its people. The illicit money kept in tax havens abroad is, by and large, not used for domestic purposes unless it is round-tripped through share markets or foreign direct investment (FDI) to domestic operations.”
― Prof. R. Vaidyanathan, A Brief Introduction to Black Money