Institutional Framework for Anti-corruption in India

Abstract

Corruption is a global phenomenon and its severity varies in Country to another Country. Corruption is symptom of weakness in political, social, legal and economic systems. Even where corruption is wide spread, its practitioners strive to keep it hidden from public life. Corruption is not a new nor is it confined to any particular part of the world. It has serious implications and consequences for the growth of democracy, promotion and protection of fundamental rights. There is a wide spread perception that the level and pervasiveness of corruption gains significance Corruption has become a major challenge to governance and society. It is undesirable in any society, its effect on the developing economy is more debilitating as it hampers socio-economic development of the nation. Corruption has been considered one of greatest challenges impeding the growth of contemporary India. Though India's economy stands tall and firm, it has not realized its true potential as corruption has, in the present scenario, inhibits and undermines not only the economic growth, but also the effective functioning of democracy. Corruption, a social menace, has made our country susceptible to and defenceless against the oncoming forces of anti-social elements. Corruption in India is a consequence of the nexus between bureaucracy, politics and criminals. India is now no longer considered a soft State. It has now become consideration State where everything can be had for a consideration. Corruption has a corrosive impact on economy. It worsens our image in the international market and leads to loss of overseas opportunities.