India has become more corrupt with every passing year. Has it? Is there a way to measure corruption? This month, Washington-based think tank Global Financial Integrity (GFI) published the results of a study on India’s underground economy. It that says through the 60 years from 1948 to 2008, Indians illegally salted away more than $460 billion overseas. Another $178 billion is hidden away within the country. GFI says, quite apologetically, that this number could be much smaller than what’s actually stashed away, because it’s impossible to measure transactions from cross-border criminal activity or hawala trades.
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