Impact of corruption on economic growth and development in india
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Transparency International released its global corruption perception index for 2017, and India has dropped down two places to 81 (out of 180 countries). TI went on to point out that India is amongst the worst offenders in terms of press freedom and political graft (which describes the extent to which politicians use their power for personal gain). The news is a blow to the rhetoric of the BJP government, as one of their main platforms was to weed out corruption.
Corruption is so rampant in India that it has more or less become a way of life, an accepted evil. Many of us conform to the norm due to personal convenience. However, at some point we must stop and consider the effects of corruption on long-term growth: up to three times lower income, relative to countries with little corruption), higher infant mortality rates, up to 25% lower literacy rates.
Corruption is so rampant in India that it has more or less become a way of life, an accepted evil. Many of us conform to the norm due to personal convenience. However, at some point we must stop and consider the effects of corruption on long-term growth: up to three times lower income, relative to countries with little corruption), higher infant mortality rates, up to 25% lower literacy rates.
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