India’s Dollar Economy Part 2 —Why Did Rs 20 Lakh Cr ($230 bn) Flee BIT by BIT? | The Quint

India’s economy saw strong growth during the first years of the Modi government, with GDP growth crossing 8% and FDI inflows nearly doubling to $60 billion. The period also saw falling crude prices, a tax windfall, Aadhaar, and the rollout of GST.

But despite $366 billion in fresh FDI over six years, $230 billion was repatriated or disinvested. What explains this massive outflow?

Read more here: https://www.thequint.com/opinion/india-dollar-economy-20-lakh-crore-bit#read-more

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