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according to our study Indias black money problem is roughly 28 of its GDP in absolute numbers this number comes out to be 900 billion dollars just for context Indias education budget is roughly 600 billion dollars so the black money problem in India is 50 bigger in the entire education budget of India now one of the major contributors to the black money problem is political funding which rarely any media will speak about but this is something that is there in the open there was a committee that was formed by the government itself which was called as the MC Joshi committee and here is what it said the two major national parties claim to have incomes of merely 5 billion US Dollars and 2 billion US dollars but this isnt even a fraction of their expenses these parties spend between 100 billion dollars and 150 billion dollars annually on Election expenses alone so the natural question comes that two of the leading political parties in India are showing their budget on almost 150 times