How to Stop Corruption ?: A Study of the Effects and Solutions of Corruption on Economic Development of India

By Asha Kanta Sharma

The essay demonstrates that prime scale corruption may have very harmful effects on economic and political development. Corruption together of the oldest phenomenon in human society exist in every country times. Corruption are often defined in some ways like general disease of body politics, public exploitation and abuse of position for personal gain. The causes of corruption are also many in number. for instance, cultural factor, psychological factor and system related factors may cause corruption in every society. There are some factors like monopoly power, discretionary power and weak accountability of public officials may give opportunities for corrupt acts. Corruption may decrease the efficiency of public spending, decrease the budget revenues, raise the deficit, hinder Foreign Direct Investment, reduce the effectiveness the utilization of aid, dissipate political legitimacy and hinders the democratic development. The anticorruption campaign should mainly consider the reforms of government officials, judiciary system, tax and custom departments.

• Language: English
• Publisher: BookRix
• Release date: Jul 21, 2020
• ISBN: 9783748750918

Book preview

HOW TO STOP CORRUPTION?

A Study of the effects and Solutions of Corruption on Economic Development of India

By Asha Kanta Sharma

Guwahati, Assam, India

1st January 2020

ACKNOWLEDGEMENTS

To write about corruption in a society where it is a widespread phenomenon, it becomes difficult to collect appropriate data. So, I would like to thank to all those people who help me in this difficult work. Special thanks to my mother Geeta Sharma with all my family members and all those peoples who directly and indirectly helped me to research and contribute to my project. I would like to thank all the interviewed persons who shared with me their experience

and gave me advice, which help to realize the situation in India. Thanks to all my friends and colleagues who provided me sources and materials.

TABLE OF CONTENTS

Part – 1: What is corruption?

Part – 2: Reasons why Corruption is a destroyer of humanity

Part – 3: Where Corruption exits most?

Part – 4: Causes of Corruption

Part – 5: Ways to reduce and stop Corruption

ABSTRACT

The publication demonstrates that prime scale corruption may have very harmful effects on economic and political development. Corruption together of the oldest phenomenon in human society exist in every country times. Corruption are often defined in some ways like general disease of body politics, public exploitation and abuse of position for personal gain. The causes of corruption are also many in number. for instance, cultural factor, psychological factor and system related factors may cause corruption in every society. There are some factors like monopoly power, discretionary power and weak accountability of public officials may give opportunities for corrupt acts. Corruption may decrease the efficiency of public spending, decrease the budget revenues, raise the deficit, hinder Foreign Direct Investment, reduce the effectiveness the utilization of aid, dissipate political legitimacy and hinders the democratic development. The anticorruption campaign should mainly consider the reforms of government officials, judiciary system, tax, and custom departments.

METHODOLOGY

The research methods used for the completion of the project on corruption particularly is specific to India and were collected from Local Experience with Government Bodies and prevailing circumstances and problems faced by people of the country duly researched on the internet, taking out important inputs and data to summarise the same in a more understandable manner. These methods will include thorough investigation of the international experience in this field through the suggested materials and through the materials from the Internet. We have studied and go through personal interviews with former and present public officials (including those in fiscal sector and local government) and private entrepreneurs and analysing articles from the different newspapers and publications available on the internet.

What is Corruption?

Part -1

What is Corruption ? 

Corruption is one among the foremost disruptive problems faced by the planet and it must stop without further damage to the humanity so as to have a far better future for the approaching generation.

Corruption may be a disease, a cancer that eats into the cultural, political and economic fabric of society, and destroys the functioning of important organs. In the words of Transparency International, Corruption is one of the greatest challenges of the contemporary world. It undermines good government, fundamentally distorts public policy, leads to the misallocation of resources, harms the private sector and private sector development and particularly hurts the poor.

Corruption is discovered nearly everywhere, but it is stubbornly entrenched inside the nations of Sub-Saharan Africa, it's far substantial in Latin America, it is deep rooted in a number of the newly industrialised nations, and it is attaining alarming proportions in numerous of the post- Communist international locations.

Corruption is thought as the whole lot from the paying of bribes to civil servants in go back for a few favour and the robbery of public purses, to a wide variety of dubious financial and political practices wherein politicians and bureaucrats increase themselves and any abusive use of public strength to a personal end. Besides, corruption is in itself a many-faceted phenomenon and the concept of corruption includes too many connotations to be analytically useful without a more in-depth definition. The varieties of corruption are various in terms of who're the actors, initiators, and profiteers, how it is done, and to what extent it is practised. Also, the causes and the outcomes of corruption are complex and diverse, and had been sought in both character ethics and civic cultures, in history and tradition, inside the monetary system, within the institutional arrangements, and in the political system.

India is one of the nations which might be suffering because of the existence of Corruption. Impact of corruption is very hard on public life. This is greater of awkward and defaming condition than being problematic. But it appears that the corruption is ever growing and unstoppable. Further the humans involved in corruption appear to be hiding themselves by means of blaming others. Even they're happy with themselves as they made more money in quick time.

Politicians and black money move hand in hand. In north Indian states likes Uttar Pradesh, Madhya Pradesh, Rajasthan and Bihar, MLAs pass round in a fleet of SUVs, with a number of lackeys in tow. Each minister is a parallel economic system unto himself, his cronies entirely dependent on him for survival and greater. Who price range their politics? Most government contracts – for roads, bridges, liquor and so on – are cornered by cartels controlled by way of the legislators themselves. These