Question

how to stop corruption 1 page

Answer 1

By definition, corruption can be called a problem of routine deviation from the established norms set by public officials and parties. World Bank defines it as the misuse of public property for private gain. It can range, however, from embezzlement of public money to abuse of power i.e. asking for bribes. A study conducted by Transparency International in 2005, said that in India, more than 62% of Indians have had a first-hand experience of paying bribes or influencing to get jobs done in public offices successfully. Later in 2012, India was ranked 94th out of 176 countries in Transparency International’s Corruption Perceptions Index, tying with countries like Colombia, Djibouti, Greece, Mongolia, etc.
As revealed by many studies, “The more the corruption, the slower the economic growth”.Other effects include the rise of inflation, increase in black money, an unstable marketplace and risk of investment, thus the rich becoming richer and the poor becoming poorer. At times, corruption in India is so habitual that it is believed that it’s a natural or inborn feature of the Indian democracy.