It’s big news now that Indian deposits in Swiss Banks have touched a new record in 2020 with 2.55 billion Swiss Francs (20,700 crores). This is the highest in 13 years! The major growth has been in deposits via securities, bonds, and other financial instruments.
These deposits constitute legal money. So, are global Indians getting richer overseas? Wait and see!
Also Read: The number of Indians who renounced their citizenship