Abstract
Corruption in India is ubiquitous and may be broadly classified as illegal and "legal". This paper delves into the typology of legal corruption, which, apart from abuse of discretionary powers and tactical law and policymaking, includes use of the information advantage by politicians to make private gains. Analysing the growth rates in assets of some politicians in the Mumbai Metropolitan Region, it finds that they are much higher than the market growth rate. The paper recommends enforcing greater transparency by disseminating information on all transactions conducted by politicians and implementing broad-based reforms to bring about system-wide changes.
| Original language | English |
|---|---|
| Pages (from-to) | 55-62 |
| Number of pages | 8 |
| Journal | Economic & Political Weekly |
| Volume | 47 |
| Issue number | 21 |
| Publication status | Published - 26 May 2012 |
