ECONOMIC DEVELOPMENT IN INDIA: THE ROLE OF INDIVIDUAL ENTERPRISE (AND ENTREPRENEURIAL SPIRIT) Anil K. Lal* and Ronald W. Clement** The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial
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The economic development in India followed socialist-inspired policies for most of its independent history‚ including state-ownership of many sectors; extensive regulation and red tape known as "Licence Raj"; and isolation from the world economy. India’s per capita income increased at only around 1% annualized rate in the three decades after Independence.[1] Since the mid-1980s‚ India has slowly opened up its markets through economic liberalization. After more fundamental reforms since 1991 and their
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causes of corruption and the factors that create the opportunities for corruption‚ what are effects of corruption on economic and political development in Armenia and in different nations. And according to this findings and the experience of other countries that have succeeded in their fight against corruption suggest the policies for reducing corruption in Armenia. The first chapter of the essay mainly deals with the terms‚ definitions‚ concepts and types of corruption. Corruption as one of
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Economic growth The effect of corruption on economic growth has been extensively researched in the last two decades. While not denying that corruption may have played a positive role at particular times in specific countries‚ it leads to lower growth‚ hampering both private and productive government spending in investments and inhibiting the efficiency of public services. Corruption can also affect the growth rate through distortions in tax collection‚ the level of public expenditure and the composition
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[pic] DEPARTMENT OF MANAGEMENT (LSM) TERM PAPER OF BUSINESS ENVIRONMENT ON CORRUPTION IN INDIA-STATUS AND SOLUTIONS SUBMITTED TO: SUBMITTED BY: MR. SANJAY JINDAL SALEEM ANWAR (MBA-IT) ROLL NO: A 06
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A CORRUPTION IN INDIA -causes‚concequences and cures RAHUL AR Mcom Govt. Arts College Thiruvanthapuram Email-iamrahular@gmail.com Objectives of this paper: To Identify causes‚concequences and cures of Coorupition in India To analyze the 1. Causes of corruption 2. Consequences of corruption 3. Cures for corruption Socpe and relevancy of this paper: The allegations of corruption and the peoples movement against corruption is one of the most debated topic in the last
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CORRUPTION Corruption is defined as the misuse of any power of public consequence for private gain. Corruption is not something new‚ as per Arthasastra of Kautilya ( around 3rd century B.C) : “Just as it is impossible not to taste the honey(or the poison) that finds itself at the tip of the tongue‚ so it is impossible for a government servant not to eat up‚ atleast‚ a bit of the king’s revenue.” “Just as fish moving under water cannot possibly be found out either as drinking or not drinking
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Corruption in India is a major issue and adversely affects its economy.[1] A 2005 study conducted by Transparency International in India found that more than 62% of Indians had firsthand experience of paying bribes or influence peddling to get jobs done in public offices successfully.[2][3] In its 2008 study‚ 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
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Corruption In India “Corruption is Social Evil” “Power tends to corrupt‚ and absolute power corrupts absolutely.” In its simplest sense‚ corruption may be defined as an act of bribery or misuse of public position or power for the fulfillment of selfish motives or to gain personal gratifications. It has also been defined as "Misuse of authority as a result of consideration of personal gain which need not be monetary". In recent Centuries India has earned a place among the THREE most corrupt
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Corruption in India. As the reverend Mahatma would have said that‚ the throng must have promised to do the same. Today‚ the same sentence but with “not” being superfluous‚ is agreeable. Recent time is witnessing a sharp fall in the values and morals of human beings. Evincing the very fact‚ India has been ranked 94th by Transparency International’s Corruption Perception Index. Corruption is the abuse of entrusted power for private gain. The former U.N. Secretary General‚ Kofi Annan said‚” Corruption
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