Corruption in India involving big businesses and the government are a huge loss on the treasury of the nation. The estimated loss from the scandals involving these are as follows: A 40 billion US$ loss from a dodgy sale of mobile phone licenses; A 3.4 billion US$ loss from illegal coal and ore exports ; A 34 billion US$ loss from allocation of mining blocks and so on. India’s governor for the country’s central bank, Reserve Bank of India was quoted saying that, “ Too many people have got rich based on their proximity to power”.
In 2010, India hosted one of the bigger sporting events in the world, Common Wealth Games. The Comptroller and Auditor General reported that the 2010 Commonwealth Games costed the country almost Rs 2300 crore due to corruption, negligence and irregularities. It was estimated the cost alone of the games was 18 times its budget due to many ‘ irregularities’. Reports claimed that most of the irregularities were due to inflated figures in the deals which took place during the games. There were inflated figures even in something like treadmills, toilet rolls and soap dispensers. It was stated that a treadmill which would cost less than 1 lakh Indian rupees would be rented for 10 lakhs, a toilet roll which costs 30 Indian rupees was bought for 4,000 Indian rupees. Mostly all deals, which were conducted during the games, were inflated which blew the budget out of proportion.
The biggest sector, which is hurt by corruption, is Agriculture. “We can say that Indian agriculture is in the midst of a major crisis’,M.S. Swaminathan. Swaminathan is the Father of Indian Green Revolution, which took place in 1968. Swaminathan was quoted saying this many many years ago, however not much has changed about Indian agric...
... middle of paper ...
... it since everyone else is also doing it. The top 7 reasons for corruption were as follows: Corruption is everywhere ; Corruption always existed; Concept is vague and culturally determined ; Corruption is not harmful ; Corruption is systematic ; With free markets corruption will eventually go away.
Corruption is clearly hindering the growth of India as that money could have been used for much more productive used. Corruption is not only a financial issue but also a development and moral issue. As a nation it is affecting all aspects on decision and behavior of the nation, it affects the very culture and society upon which this nation was built on. Evidence shows that the consequence of corruption has caused costlier public investment, lower government revenues, lower expenditures on operations and maintenance, and more importantly the development of the nation.
Corruption is defined as the dishonest conduct one performs for illegitimate private gain (Paskal). To determine where corruption
In Annawadi, the slum setting of the book “Behind the Beautiful Forevers,” nearly everything falls under the law of the free market. Things that most countries deem “basic rights,” the Indian people of Annawadi have to pay for. Clean water, education, and medical attention from hospitals are just a few things that are exploited by police officers, gangs and slumlords. The liberalization of India caused the country to begin a process of economic reform. People from the countryside flocked to the cities to find work in the new booming economy that no longer depended on its agriculture. With the increase in population around the bustling cities, came competiveness for opportunity. This competiveness made poverty rates skyrocket, making corruption (and corrupt activities) in Annawadi the only clear way of making it out of the slums. “In the West, and among some in the Indian elite, this word, corruption, had purely negative connotations; it was seen as blocking India’s modern, global ambitions. But for the poor of the country where corruption thieved a great deal of opportunity, corrupti...
In my opinion, corruption cannot be stopped but it can be reduced with the willingness of the people, as I mentioned above there could be plenty of recommendations but it’s all up to that person to put the effort. I think corruption is a choice; we all have voices and rights and if we chose to do unlawful things there is no one to blame but ourselves. However, there is corruption in every field of job out there. Corruption has been around for years and years and it will continue to be there in the future, it’s something that no one can eradicate. All countries around the world are facing corruption even the most powerful developed countries.
Probable Causes of Corruption – Different things motivate different people. Some can motivate people to perform beyond expectations and some can lead astray from moral and ethical values.
Though the world economy as a whole has grown in recent years, a factor that is not taken into account is that the number “of the poor in the world has increased by 100 million” (Roy 3). In other words, the gap between rich and poor is widening. For India, this has startling implications. Though it is a nation that is developing in many ways, it also is a nation blessed with over one billion citizens, a population tally that continues to grow at a rapid rate. This population increase will greatly tax resources, which can create a setback in the development process. The tragedy, of course, is that the world is full of resources and wealth. In fact, Roy quotes a statistic showing that corporations, and not even just countries, represent 51 of the 100 largest economies in the world (Roy 3). For a country struggling to develop, such information is disheartening. However, there is also a more nefarious consequence of the growing disparity between rich and poor, and power and money being concentrated in the hands of multinational corporations: war is propagated in the name of resource acquisition, and corruption can reign as multinationals seek confederates in developing countries that will help companies drive through their plans, resulting in not only environmental destruction but also the subversion of democracy (Roy 3).
The reason why corruption has become a global problem is because it’s rational to be greedy or wanting for more but soon after it gets out of control and then there is a corrupted person who in order to change would have to step down from power and become a person who doesn’t control.
Some people may think that money doesn't corrupt people and that corruption is something that can be controlled by human choice, but money affected the social acceptance of people, it corrupted the thought process of the upper percentage of people, the wealthy people that don't accept the less wealthy because of a social barrier they feel can't be passed, the younger brother that gets rich and feels like his whole family is trying to take his money, the greed that comes along with wealth causes corruption.
Corruption consists in the illegitimate agreement between a corruptor and a corrupted, in which they abuse of their public power in order to obtain personal benefit. Bribery and corruption is something that has been going on for years. According to Allen, “officials perceive themselves as immune to any penalties for demanding and receiving bribes” which she states that it is one of the main reasons for bribery and corruption in underdeveloped countries. According to Transparency International, an organization committed exclusively to end corruption, three of the most corrupt countries in the world are Somalia, North Korea and Afghanistan. This does not mean that corruption is only seen in underdeveloped countries. In international business, corporate employees often find themselves dealing with corruptors in foreign countries and, in most cases, they will give in.
Chetwynd, Eric, Frances Chetwynd, and Bertram Spector. "Corruption and Poverty: A Review of Recent Literature." Management Systems International (2003): n. pag. Print.
The runaway corruption in the country harms the business environment and causes collapse of various established institutions and industries.
Some of the common causes of unethical behavior in the workplace are: 1) extreme emphasis on profits, 2) loss of corporate loyalty, 3) fixation on personal advancement, 4) probability of not getting caught, 5) immoral quality set by top management, 6) indecision about whether act is wrong, and 7) reluctance to stand up for what is right
Some people said that corruption is rampant in all governments, So that it is not unknown to any ethnic group, region and continent. It cuts across faiths, political systems, religious Denominations and affects both young and old people. Fraud can be found in public and authoritarian rule;...
(BBC NEWS, 2004) Why is there so much attention nowadays on corruption? Did people ignore corruption in the past? Or is it because there is more corruption than in the past? Some of the main reasons could be: - As countries trade more with each other, fair trade is expected and unfair business or political practices are being paid more attention. - The media is reporting much more about corruption cases, especially in emerging market countries, such as China, India.
In ancient times corruption was a thing to be utterly ashamed of, it’s a totally different story today as corrupt individuals abscond almost every time. Corruption has grown tremendously over the years penetrating into different sectors and taking on different forms. The word “corruption” was first used by Aristotle and then by Cicero who added bribe and abandonment of goods. These days corruption can be found globally, in small and big businesses, the government, corporate businesses and in almost every other sector. It’s like a cancer that keeps spreading and it has eaten deep into the fabric of the society. Many countries are still battling with this malignant subject called corruption on a global level and most of them still haven’t found a way of curbing this disease.
Montesh, M. (n.d.). Conceptualizing Corruption: Forms, Causes, Types and Consequences. Retrieved May 4, 2014, from