India 's Economic And Political Structure Essay

India has a major problem with corruption. In the book The White Tiger, we see this problem throughout Balram’s life. The first time we are exposed to corruption is when Balram is just a young boy living in his village that is in the “darkness” of India. His village of Laxmangarh is in the darkness of India and is run by four landlords that use intimidation and scare tactics to collect an unfair amount of money from their tenants.(pg. 21-22) Another place you see corruption in The White Tiger is when Balram is working for Ashok and his family. Their family has to pay the government bribes to keep from being prosecuted for illegally stealing coal, and evading taxes.(pg.233) Imagine if we lived in a country where if you paid the national government

GDP, Gross Domestic Product, is the easiest number to base an economy off of. America’s GDP is by far the highest in the world. Not only does America beat China by a mere 7.3 trillion dollars but it also has the entire European Union beat by over 2 trillion dollars. This is an absolutely incredible feat considering America is neither the biggest nor most populated country in the world yet it produces far more goods and services than anyone else. Taking up nearly 25% of the world's GDP the entire globe runs through the American Economy. America, however, the biggest economy it’s not the most

India’s economy is booming! With large decreases in poverty, increases in literacy and GDP, India is continuing to make its way out of the third world and into the first. India is predicted to surpass even China in growth by 2050. A competitive private capital market has instilled Indians with a low cost high quality mentality and has resulted in some of the highest return rates for any country. India has been averaging 6% growth compared to China’s 9.5% with half the investments. India capital efficiency is one of its strongest economic benefits.

However, both the Country Profile (2005) and Business Asia (2010:10) highlight that although the fundamental political keeps stable, the efficiency of political is low. The cause of this existed problem is that the national parties weakened gradually while the regional parties which influenced by the coalition government strongly (Business Asia, 2010:10). Current President is Pratibha Patil. (BBC News, 2011). As a result, India began to conduct a relatively free liberal market reform. Nonetheless, because of the interests of coalition government members are dissimilar, the speed of market reform is limited (Business Asia, 2010:10).

The United States is considered to be the world’s largest national economy. The United States have proven time and time again that its economy is one that should be modeled after by showcasing a proven track record. Although its economy is considered the largest, it has had its problems such as the Great Depression and the Recession that have taken placed recently beginning in 2007 lasting until mid 2009. Both of these economic down turns are similar in nature which has caused many to feel negative effects,

India’s economy is one that appears to be on the brink of a major recession. Their central bank has made bad choices over the last number of years. This has lead to a low growth within the country and a high inflation rate. They changed their political leadership to someone who was more open to change and reform, but this has not come about. India reformed its tax system, which they believed would be the key to success in the country. This in fact caused the opposite. The economy slowed down sharply. They banned the sale of cows in India due to religions reason and this stopped the growth of agriculture as this was a huge export for the country. India has about 12 million new young people enter its job market each year and finding jobs for this vast quality of people is a hinderance for the country and yet another driving factor for lower growth. India expects the initial impact of their tax reform to be over and now they will see a stabilization of their economy. It is believed their economy will now grow in small increments due to this stabilization.

The economy is arguably one of the most important aspects of a nation. When a country’s economy is thriving, almost everyone will be positively affected. Business will grow, income will increase, and quality of life will be better. One of the major factors in the economies success is the type of economy it is. Because of different experts and scholars, such as Adam Smith and Thomas Malthus, the United States has a successful and fair economic system. Because of this, we thrive as a nation. We can prove this by looking at our high GDP and quality of living. One of the reasons our economy is so effective is because of our economic beliefs. The United States gives the power to the individual and supports business. Free business controls the market,

India’s domestic business has seen high levels of corruption; more commonly the fraudulent behaviours and bribery of government officials and civil servants. This creates an unlevel playing field between domestic business and foreign business. Evidently this seemingly small issue of corruption could potentially tarnish India’s position as favoured destination of foreign investment (Mendiolaza, 2012).

The United State's economy is the largest across the globe and has an impact on every nation across the globe. In 2011, the Gross Domestic Product of this nation was approximated to be more that 15 trillion dollars. This is nearly a quarter of the world's Gross Domestic product. The United States has a mixed economy though the nation has managed to sustain an upward trend of its Gross Domestic product. The rate of unemployment in the United States can be said to be moderate as compared to other nations across the world. The US has also invested heavily in aspects such as research and this is a good thing. The United States has managed to sustain a steady economy since the late nineteen century. Immigrants across the globe have moved to the United States because of the nation's labor market. The rate of migration is also highest in the United States as compared to other nations in the world. Interest rates have largely affected the banking and real estate businesses. Interest rate can simply be defined as the price incurred when money is borrowed.

growth. Corruption reduces the efficiencies of the operations of the market economy and a loss

Corruption has been seen as a major obstacle of rapid economic growth and development. It is a complex phenomenon whose roots lay in political and bureaucratic institutions and affects the economic growth of different countries. It makes the governments intervene where they do not need to, and it weakens the ability of the government to enact and implement policies in areas in which government intervention is needed. Over the years, the dispute of the economic consequences of corruption on economic growth has been a topic of analysis. The analysis is focused on the effect of corruption on economic growth. Several studies have generally found a negative correlation between corruption, economic growth, inequality, governance, income distribution and business environment. At the same time also some positive correlation with economic growth has been found to exist.

A strong economy is the backbone of a successful and prosperous country. However, the economy is constantly changing, and that can have a massive impact on every other aspect of life for a country’s citizens. The United States of America shows that a changing economy has an impact on the rest of the country.

India is the biggest democracy in the world, with a government type of federal republic. The country’s form of government mimics the United States with its federal structure. The federal government consists of executive, legislative, and judicial branches. In addition, India has adopted the a British style parliamentary system that allows for it its central government to have great power in relation to its states, according to US Department of State- Background Notes website (The Office of Electronic

India has an incredible amount of instability and corruption in politics. India has two main political parties- Indian National Congress and the Bhartiya Janata Party (BJP). These two are the major parts of the Parliament government. Currently, there is a vast amount of corruption involving major issues like elections, railways, customs, revenue collection, etc. An example of political instability relating to corruption is the Hawala Bribery Scandal in 1990. The Hawala Scandal involved over 115 top politicians in India including the Prime Minister, Union Ministers, Leader of Opposition, members of Congress, etc. The politicians were allegedly receiving payments from four brothers who were brokers of the Hawala companies, which amounted to upwards of US$18 million. The case and investigation started with the arrest of two militants in 1991. One by One, the cases of Central Bureau of Investigation (CBI) were getting thrown out. Evidence was counted as inadmissible and most politicians got off scot free. After the cases were dropped, it became public in a sworn testimony that the judge for the cases was made to make it all go away. It included three top political parties and everyone involved was a much involved as the next. This scandal rocked the country as their democracy lost trust and loyalty from the people.

According to the above information , there are given improvements in the new Organizational Chart :