$314 billion Loss Every Year on Tax
Evasion
India loses 14 trillion rupees
($314 billion) from tax evasion annually, depriving it of funds for investment
in roads, ports and power, said Arun Kumar, author of
“The Black Economy in India.” General government tax revenue totals an
estimated 18 percent of gross domestic product, the
lowest among the four BRIC nations, and down from an average 19 percent the past five years, International Monetary Fund
data show.