Corruption in India is a major issue

Jun 18th, 2015
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Corruption in India is a major issue that adversely affects its economy.[1] A study conducted by Transparency International in year 2005 found that more than 62% of Indians had firsthand experience of paying bribes orinfluence peddling to get jobs done in public offices successfully.[2][3] In its study conducted in year 2008, Transparency International reports about 40% of Indians had firsthand experience of paying bribes or using a contact to get a job done in public office.[4]

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Corruption in Indiais a major issue that adversely affects its economy.[1]A study conducted by Transparency International in year 2005 found that more than 62% of Indians had firsthand experience of paying bribes orinfluence peddlingto get jobs done in public offices successfully.[2][3]In its study conducted in year 2008, Transparency International reports about 40% of Indians had firsthand experience of paying bribes or using a contact to get a job done in public office.[4]In 2012 India has ranked 94th out of 176 countries in Transparency International'sCorruption Perceptions Index, tied with Benin, Colombia, Djibouti, Greece, Moldova, Mongolia, and Senegal.[5]Most of the largest sources of corruption in India are entitlement programmes and social spending schemes enacted by the Indian government. Examples includeMahatma Gandhi National Rural Employment Guarantee ActandNational Rural Health Mission.[6][7]Other daily sources of corruption include India's trucking industry which is forced to pay billions in bribes annually to numerous regulatory and police stops on its interstate highways.[8]Indian media has widely published allegations of corrupt Indian citizens stashing trillions of dollars in Swiss banks. Swiss authorities, however, deny these allegations.[9][10]The causes of corruption in India include excessive regulations, complicated taxes and licensing systems, numerous government departments each with opaque bureaucracy and discretionary powers, monopoly b

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