how much
India's Black market economy helped. It is conjectured that the top six politicians in India have a combined net worth in benami property and assets that is equal to or more than the top 50 richest people in the Forbes list. For way too long, corruption has siphoned off the nation's and taxpayers' wealth to fill the coffers of people in positions of authority. The lack of a robust tax and tracking system has allowed a parallel black economy to mushroom and fuelled a bubble in almost all asset classes, but above all in real estate.
India's Black market economy helped. It is conjectured that the top six politicians in India have a combined net worth in benami property and assets that is equal to or more than the top 50 richest people in the Forbes list. For way too long, corruption has siphoned off the nation's and taxpayers' wealth to fill the coffers of people in positions of authority. The lack of a robust tax and tracking system has allowed a parallel black economy to mushroom and fuelled a bubble in almost all asset classes, but above all in real estate.
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