Key findings of the data:
- Total amount: The total money held in Swiss banks by foreign clients from across the world fell by about 4 % to CHF 1.4 trillion (about Rs 99 lakh crore) in 2018.
- Top 5: Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five. These countries alone account for more than 50 % of the aggregate foreign funds parked with the Swiss banks.
- Indian scenario: India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks at the end of 2018. The funds officially held by Indians with banks in Switzerland now accounts for only 0.07 % of the total funds kept by all foreign clients.
- BRICS: Among the five-nation BRICS block of emerging economies, India is ranked the lowest while Russia is ranked the highest at 20th place, followed by China at 22nd, South Africa at 60th and Brazil at 65th place.
- South Asia: Several of India’s neighbouring nations are ranked lower, with Pakistan ranking 82nd, Bangladesh 89th, Nepal 109th, Sri Lanka 141st, Myanmar 187th and Bhutan 193rd.
