Investment using securities and other financial instruments is booming. At the same time, direct investment has declined. Swiss Bank’s annual report reveals shocking investment by Indians
At the end of 2019, the total deposits of Indians in Swiss banks stood at Rs 6,625 crore. Investment is at its highest level in 13 years. Total investment was at its highest level in 2006 but then declined. In 2006, Indians invested 650 crore Swiss francs
At the same time, investment in the category of customer account deposits has fallen sharply. This is when compared to 2019 as well. The bank received Rs 4,000 crore as consumer investment. Bank. The Indian investment in the bank was Rs 3,100 crore and Rs 13,500 crore through trust deposits. The trend is for companies to invest in the country.
The number of people relying on Swiss bank accounts for tax evasion has risen steadily but has since declined. It is followed by the West Indies, France and Hong Kong.