Point to Ponder: Has India become a more corrupt country under the UPA government, is a near conviction that is agitating a lot of friends. In a study on “crony capitalism” published in The Economist dated 15th March 2014, as measured in terms of change in size of billionaire wealth as % of GDP from 2007 to 2014 used as a proxy to measure extent of crony capitalism, the report mentions that, “One of the most improved countries is India, which moved from sixth place in our ranking to ninth. Recent graft scandals and a slowing economy have hurt many of its financially leveraged and politically connected businessmen, while those active in technology, pharmaceuticals and consumer goods have prospered.” The Economist admits that the index has at least three big shortcomings. However, I would like to believe that as a people, we still have hope, even without The Great Feku!
Posted on: Sun, 30 Mar 2014 17:16:47 +0000
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