With a booming economy in the 2000s, it seemed like India was on the fast track to becoming a developed nation. However, recent slow growth has not only reigned in this optimism, but it has also revealed just how rampant government corruption is throughout the country. Major scandals in the telecommunications industry and the coal mining industry have come to light in the past year, rocking the country and bringing the current coalition government led by Prime Minister Manmohan Singh under serious criticism. Tens of billions of dollars of taxpayer revenue have been wasted as a result of such corruption, and many fear this is only the tip of the iceberg. Some reports suggest that as much as fifty percent of government money intended for welfare programs and subsidies ends up in the pockets of politicians, bureaucrats, and influential businessmen instead. With 600 million people living in poverty, 300 million living without electricity, and 65 percent of the entire population under thirty- five years of age, most without any marketable skills, India cannot afford to waste any of its resources if it wants to improve the welfare of its citizens.
Posted on: Fri, 23 Aug 2013 19:13:56 +0000
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