Corruption in India

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Will the continuing integration of India into the world economy diminish or exacerbate graft? Ravi Ramaurti examines the effects of growth on emerging economies:

The Paradox is that even though India's faster growth in recent years is the result of fewer government controls, most India managers would tell you that corruption has increased, not decreased […]. The explanation is that faster growth has created new choke points at which politicians and bureaucrats can extract payments […]. Faster growth has also raised the economic cost to firms of delays in public approvals, giving officials that much more 'held-up' leverage over private investors.

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