Corruption in India is not a secret from anyone, as it is prevalent from private to the public sector and almost everyone in the system is part of the misdoings. However, the extent to which the Indian public sector employees and politicians have taken corruption to is drastic.
The damage caused by corruption to the Indian state exchequer is immense, with Indians hoarding $1,456 billion in black money at Swiss banks. Apart from the amounts of black money on foreign shores, the controversies revolving around the Commonwealth Games had led to the country not only suffering from financial leaks, but the irresponsibility of Suresh Kalmadi also damaged the country’s reputation abroad and had almost jeopardized the games, which were being touted as the biggest sporting event on Indian soil.
Another leader, who has cheated the Indian public, is none other than the former Telecom Minister A. Raja, the man who turned his back on his countrymen by the sale of 2G spectrum at a minimal cost and caused damages to the country amounting to Rs. 176,000 crore (1 Crore = 10, 000, 000. Estimation in USD $38260 Million). A cabinet minister stooping so low for selfish gains is not just pathetic but aggravating, no wonder people are angry and are baffled about how such a thing could happen, when the system has been made to prevent such discrepancies.
This disease of corruption is so widespread in the country that it has not spared the men of honor in the armed forces, with the names of some top defense officers in India being name in a scam involving a housing society in Mumbai.
Apart from Indians being well informed about the so-called intricacies of the system, India has also earned a few special titles regarding corruption. The nation has been ranked 1st in a list of 30 countries related to the readiness of companies to pay bribes for business contracts, in both, the public and the private sector.
Though India has been touted to be one of the fastest growing nations in the world, it is not surprising to see that the country at the same time is suffering from an epidemic known as corruption. The seeds of this disease are prevalent even among Chief Ministers like BS Yedyurappa from Karnataka, who had allocated land to his family members for his own selfish needs. Imagining the condition of a state, whose head is being party to such malpractices, somehow gives an account of rest of the people living there.
The country could very well be defined as a failed administrative state, as the country has been ranked 97th out of 146 countries, in a Failed States Index by Foreign Policy in Washington. India also has the distinction of being ranked 70th in a list of 183 countries by Transparency International, who look into the cleanliness of businesses in the country.
Though bribery has been part of the nation since its heydays, the only cause of concern is that India’s economy is suffering immensely because of these corrupt men, who never fail to make a buck for themselves by stealing the hard earned money of Indian people from the state exchequer. Let’s hope the so-called self proclaimed world’s 3rd largest economy does not lose out on its potential because of corrupt politicians and bureaucrats.