Is the export boom really black money?

Despite a slowing world economy, India's exports are booming. After growing 38% in 2010-11 , they are growing even faster this year - by 46.4% in June, 81 % in July and 44% in August. This beats even China hollow. Cynics say this is too good to be true. Earlier, crooked businessmen took black money abroad by under-invoicing exports. Could they be bringing back their black money as over-invoiced exports? Does this explain the export boom?

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