Political, bureaucratic, corporate and individual corruption in India are major concerns. A 2005 study conducted by Transparency International in India found that more than 55% of Indians had first-hand experience of paying bribes or influence peddling to get jobs done in public offices successfully.[1][2]
Transparency International estimates that truckers pay US$5 billion in bribes annually.[3] In 2010 India was ranked 87th out of 178 countries in Transparency International's Corruption Perceptions Index.
“The recent scams involving unimaginably big amounts of money, such as the 2G spectrum scam, are well known. It is estimated that more than trillion dollars are stashed away in foreign havens, while 80% of Indians earn less than 2$ per day and every second child is malnourished. It seems as if only the honest people are poor in India and want to get rid of their poverty by education, emigration to cities, and immigration, whereas all the corrupt ones, li] are getting rich through scams and crime. It seems as if India is a rich country filled with poor people",[4] the organisers of Dandi March II in the United States said.[5]
The Comptroller and Auditor General of India said, “As on March 31, 2010, unutilised committed external assistance was of the order of Rs.1,05,339 crore.
Black money refers to money removed from the official economy (via corruption, bribery, etc.) and stored outside of the country. According to a 2010 The Hindu article, unofficial estimates indicate that Indians had over US$1456 billion in black money stored in Swiss banks (approximately USD 1.4 trillion).[19] While some news reports claimed that date provided by the Swiss Banking Association Report (2006) showed India has more black money than the rest of the world combined,[20][21] a more recent report quoted the SBA's Head of International Communications as saying that no such official statistics exist.[22] Another report said that Indian-owned Swiss bank account assets are worth 13 times the country’s national debt
