From FCPA Blog
A famous Bollywood actor. His daughter in law, a former Miss World. One of India’s top lawyers. Politically connected “industrialists.” For a country with 1.2 billion people, the 500 or so Indian nationals disclosed so far in the Panama Papers are hardly a blip, and few of the names a surprise.
The reason there are so few Indians may be fairly simple. While the rapidly growing and partially liberalized economy has created a significant amount of personal wealth, more than 43,000 Indian millionaires have left India in the past decade.