Corruption India
Corruption in India is one of the most menacing threats that our economy has been battling with ever since the independence. At all levels of Indian bureaucracy corruption has seemingly taken its toll and has been corroding the structure of our nation. Be it private sector or public sector, Indian people have a tendency of misusing the public position/power in their favor to fulfill their motives and gain personal benefits. All these “allegations” are not solely based on observation but have statistical data to back with.
In 2005, a study was conducted by Transparency International that revealed that more than 62% of Indians have had at least one experience of paying bribes. In 2008 this figure fell down to 40% which is still significant. A recent unofficial data published by The Hindu estimated that Indians had over $1456 billion in Swiss banks. India stands among one of the most corrupt nations in the word.
Causes:
When evaluating the causes responsible for corruption the number seems to be infinite. However the main reason is lack of implementation of the rules and laws. It seems as if the ones employed to stop corruption have become a part of corruption itself. There are numerous stringent laws like Indian Penal Code, 1860, The Prevention of Corruption Act, 1988, Prevention of money Laundering Act etc. that have been framed to stop corruption but their implementation is missing.
Another prominent reason for corruption is lack of transparency in bureaucracy and governmental processes. Especially the government controlled institutions tend to keep the working principles and functioning under the carpet. The welfare programs that aware started to help the poor strata of society contribute significantly to the corruption. The older the economy becomes the more challenging becomes its maintenance.
Consequences:
The consequences of corruption are grim. The whole system falls apart if the structure of government is struck by the storm of corruption. The
In 2005, a study was conducted by Transparency International that revealed that more than 62% of Indians have had at least one experience of paying bribes. In 2008 this figure fell down to 40% which is still significant. A recent unofficial data published by The Hindu estimated that Indians had over $1456 billion in Swiss banks. India stands among one of the most corrupt nations in the word.
Causes:
When evaluating the causes responsible for corruption the number seems to be infinite. However the main reason is lack of implementation of the rules and laws. It seems as if the ones employed to stop corruption have become a part of corruption itself. There are numerous stringent laws like Indian Penal Code, 1860, The Prevention of Corruption Act, 1988, Prevention of money Laundering Act etc. that have been framed to stop corruption but their implementation is missing.
Another prominent reason for corruption is lack of transparency in bureaucracy and governmental processes. Especially the government controlled institutions tend to keep the working principles and functioning under the carpet. The welfare programs that aware started to help the poor strata of society contribute significantly to the corruption. The older the economy becomes the more challenging becomes its maintenance.
Consequences:
The consequences of corruption are grim. The whole system falls apart if the structure of government is struck by the storm of corruption. The