| Publication |
2014.
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| Summary/Abstract |
The literature on corruption is extensive as the topic is multifaceted, testifying to the intractable and stubborn nature of a problem that societies have been struggling to tackle with for centuries. Lack of improvement in eradicating corruption is the result of misguided and misplaced strategies based on weak analytical underpinnings and still weaker appreciation of the institutional milieu of individual countries. This paper attempts to introduce and unpack key concepts associated with the idea of corruption. The paper attempts to punctuate that corruption needs analysis as an indicator of 'failed governance'. It presents empirical substantiation from various studies undertaken and offers a comprehensive study of the extent and effect of corruption on the Indian economy and the perception of a cross-section of people on various facets and the impact of corruption on diverse sectors.
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