Transparency International estimates that truckers pay US$5 billion in bribes annually. In 2010 India was ranked 87th out of 178 countries in Transparency International's Corruption Perceptions Index.
India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (approximately USD 1.4yu trillion) in the form of black money. According to the data provided by the Swiss Banking Association Report (2006), India has more black money than the rest of the world combined. Indian-owned Swiss bank account assets are worth 13 times the country’s national debt.
“The recent scams involving unimaginably big amounts of money, such as the 2G spectrum scam, are well known. It is estimated that more than trillion dollars are stashed away in foreign havens, while 80% of Indians earn less than 2$ per day and every second child is malnourished. It seems as if only the honest people are poor in India and want to get rid of their poverty by education, emigration to cities, and immigration, whereas all the corrupt ones, li] are getting rich through scams and crime. It seems as if India is a rich country filled with poor people", the organisers of Dandi March II in the United States said.
The Comptroller and Auditor General of India said, “As on March 31, 2010, unutilised committed external assistance was of the order of Rs.1,05,339 crore.
Corruption in India
Corruption like everything else in India starts from home. It’s a vicious circle. When Corruption is termed as adjective it means “utterly broken”. Anything that is below all standard norms of morality in a country is called or defined as corruption. Corruption is something which doesn’t... [continues]
Cite This Essay
(2011, 12). Corruption Free India. StudyMode.com. Retrieved 12, 2011, from http://www.studymode.com/essays/Corruption-Free-India-876305.html
"Corruption Free India" StudyMode.com. 12 2011. 2011. 12 2011 <http://www.studymode.com/essays/Corruption-Free-India-876305.html>.
- MLA 7
"Corruption Free India." StudyMode.com. StudyMode.com, 12 2011. Web. 12 2011. <http://www.studymode.com/essays/Corruption-Free-India-876305.html>.
"Corruption Free India." StudyMode.com. 12, 2011. Accessed 12, 2011. http://www.studymode.com/essays/Corruption-Free-India-876305.html.