UNDP went a step further to claim that if corruption in India came down to the levels of the Scandinavian countries, the GDP growth would increase by 1.5% and not only that the FDI would jump by a minimum of 12%. Further the economy of annual bribery in India is estimated to be around Rs.210 billion! Governance in India then has to look incisively into these fundamentals to create changes for future of India. If ever economic reforms are to succeed in India, then structural changes are mandatory in these core sectors.
For Complete IIPM Article, Click on IIPM Article
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative
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