India loses USD 16 bln every year due to corruption

Lily

B.R
Staff member
Chicago June 18:

India loses a whopping USD 16 billion a year due to corruption, IPS officer-turned social activist Kiran Bedi has said.

Speaking at an event here organised by the Chicago Council on Global Affairs, she said, "out of every Rs 100 meant for infrastructure development, only Rs 16 is used and Rs 84 is lost." She said that if India is free of corruption, it could become the most developed country in the world and all its debt would go away.

"I would like to see Indians in America collectively raising a voice because it is our future," said Bedi, who is associated with social activist Anna Hazare's anti-corruption campiagn. Speaking about the Lokpal Bill, Bedi said corruption has increased because there was no system to check it and and there was no system in place to handle the negative aspects of positive growth.

 
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