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Not only has it held the economy back from reaching new heights, but rampant corruption has stunted the country's development.
The media has widely published allegations of corrupt Indian citizens stashing millions of rupees in Swiss banks.
Swiss authorities denied these allegations, which were later proven in 2015–2016.
The Bofors payoff scandal of 1986 involved a total amount of Rs 1750 crore in purchase of guns from a Swedish firm for the Army.
The Cement scandal of 1982 involved the Chief Minister of Maharashtra, the Sugar Scandal of 1994 involved a Union Minister of State for food, the Urea Scam and of course no one can forget Hawala Scandal of 1991, the Coffin-gate, fodder scam in Bihar or the Stamp scandal which shocked not only the political arena but the entire society.
Some of these myths are: Corruption is a way of life and nothing can be done about it.
Only people from underdeveloped or developing countries are prone to corruption.
The en route stoppages at checkpoints and entry-points can take up to 11 hours per day.
About 60% of these (forced) stoppages on roads by concerned authorities such as government regulators, police, forest, sales and excise, octroi, and weighing and measuring departments are for extorting money.
Written ability essay 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”.