Corruption Of Indi Corruption

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Corruption in India Corruption is not a new phenomenon in India. It has been prevalent in society since ancient times. History reveals that it was present even in the Mauryan period. Great scholar Kautilya mentions the pressure of forty types of corruption in his contemporary society. It was practised even in Mughal and Sultanate period. When the East India Company took control of the country, corruption reached new height. Corruption in India has become so common that people now are averse to thinking of public life with it. With a booming economy throughout the 2000s, India was touted as one of the most promising major emerging markets. But that breakneck growth sputtered to a decade low in 2012, with many observers pointing to the…show more content…
The policy limited foreign investment and stifled competition, and bribery became part and parcel of doing business. The period up to 1991 was dubbed the "License Raj" as a result of the government 's excessive oversight of the economy. The poor often suffered most from the widespread corruption, which diverted large amounts of public revenue intended for public works, aid, and social welfare programs. Historically, the roots of India 's corruption came from the proliferation of licenses. The idea was to ensure economical use of resources, so you would not waste foreign exchanges. To this day, this is what Indians have been very aware of: that the institution of licenses and permits was responsible for creating corruption on a massive scale. India 's sprawling bureaucracy and weak institutions—the police and judiciary were ranked as the second and third most corrupt institutions in India, respectively, after political parties—have thwarted convictions, and arguably increased incentives for bribery. In recent years, graft pervaded society from small-scale "harassment bribes" (payments for essential social services) to scandals on a national level. At least 42 percent of young Indians have paid a bribe, according to a 2012 Hindustan survey. There 's been corruption in India for thousands of years—it 's endemic—but what you see is the kind of corruption changing. In the past two decades, there 's been a shift toward grand corruption: the recent scandals are

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