New ideas for fighting corruption in India
Accurate publicity about misdeeds is the best way to deter corrupt businesses through the imposition of social sanctions on the miscreants
India’s liberalization that began in the 1980s should have curtailed corruption, but the opposite happened. Growth surged; that raised the value of natural resources and government contracts. So substantial was this increase that despite the reduction in powers, the economic rent at the government’s disposal grew strongly. Even as technological innovations have reduced petty bribery—for example in passport issuances—it has become clear (particularly so in the last month) that bigger forms of corruption in India are flourishing.