CORRUPTION

   CORRUPTION

Author:- Sk.Thabasum, a Student of KL UNIVERSITY,Vijayawada

1. INTRODUCTION: -

Corruption is a pervasive and detrimental societal or social issue characterized by the abuse of power, authority, or entrusted positions for personal gain or illegitimate advantages. It can manifest in various forms, such as bribery, embezzlement, nepotism, and extortion, and occurs across different sectors, from government and business to education and healthcare. Corruption undermines trust in institutions, weakens the rule of law, hinders economic development, and perpetuates inequality. It diverts resources away from essential public services and often benefits a select few at the expense of the broader population.

2. CORRUPTION: - 

The Word Corruption means destroying, ruining, or spoiling a society or a nation. It is characterized by a lack of fear, honesty, and respect for the law. It is basically a misuse of powers for personal gain. Corruption comes under many different practices like extortion, embezzlement, misuse of power by public officers, politicians, or bureaucrats, etc.

India is the largest democratic country in the world with a population of over one million people and is one of the fastest growing economies and is attracting huge investments from developed countries. India has become the 6th largest economy in the world. In spite of healthy growth indices, the vast population in India still lives in poverty. Corruption has become a part of every walk of life in India. The nation’s progress is seriously hampered by all-pervasive corruption.

3. FORMS OF CORRUPTION: -

1. Bribery: Offering, giving, receiving, or soliciting something of value to influence the actions of an official or other person in a position of power.

2. Embezzlement: Misappropriating funds or resources entrusted to someone's care for personal use.

3. Extortion: Coercing someone into providing money or valuables through threats, intimidation, or abuse of power.

4. Nepotism: Favoring family members or close associates in matters like employment or resource allocation, rather than making decisions based on merit.,etc.

4. Effects Of Corruption: -

Economic effects:

Corruption hampers economic growth by causing significant distortions and inefficiencies. Corruption raises the cost of doing business in the private sector by increasing the price of illicit payments and the managerial cost of dealing with authorities. While some argue that corruption lowers the cost by reducing bureaucracy, the availability of bribes can also lead to more restrictions and delays. 

Social effects:

Political corruption has considerably more social consequences than economic consequences. It first and foremost, affects the public’s faith in the government, and it also undermines democracy’s position. Political instability and armed conflict are likely to occur in such a country. Furthermore, the judiciary’s inability to prevent instances of political corruption causes the people to lose trust in the judiciary, which is the most essential component for the existence of a democracy.

5. FUTURE AHEAD AND THE WAYS TO CURB THE GROWING CORRUPTION: -

Corruption is treated by the public as a more serious problem than poverty, unemployment, rising living costs, and crime. Corruption is a major obstacle to progress and development, according to economic studies. For tackling corruption, strong political will and dedication are required, as well as good governance, administrative accountability, procedural facilitation, and public engagement through public audit committees.

6. CONCLUSION: -

Corruption is a political issue in India with far-reaching economic implications, as seen by the country’s history. For many years, India has been plagued with corruption, which has failed successive governments. Bribes were formerly paid for doing the wrong thing, but today they are compensated for doing the right thing at the right moment. However, these corruption cases eventually get uncovered, and voters react by holding politicians accountable when the opportunity arises.