Innovative Financial Advisors Pvt. Ltd. Reviews The Story Of Corruption

By Author: Anand Kumar
Total Articles: 15
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In India, in the late 2000s, corruption become so deep rooted in the system that once a rapidly growing economy almost went on a down slide. Innovative Financial Advisors Pvt. Ltd. reviews massive protests, media exposures and political uproar that challenged the then political setup in the upcoming the general elections. However, the country was in a different mood altogether, as it brought the present government to power with an overwhelming majority. This was the first time in 30 years that we had a single party forming the government, rather than coalition of parties. The challenge in front of the present government was to curb corruption by bringing in new rules for the system.

Innovative Financial Advisors Pvt. Ltd. reviews that nations become more corrupt while it is on the growth path, but tries to clean up the act once there is prosperity at all levels. It is also observed that countries that are less corrupt are the wealthiest ones. India's score in the corruption index is miserable with the score dropping during the years of scandals such as 2G, Coalgate etc. Innovative Financial Advisors Pvt. Ltd. reviews, ...
... corruption follows a trajectory that increases in an economy up to a certain stage of development, then levels off and eventually comes down as incomes rise beyond a threshold. The only poor country with a score above 60 is Bhutan and none of the rich countries score below 40. In this aspect, Bangladesh's story is prime example of how to change the scenario as it continues to outshine developing nations such as India.

Therefore, Innovative Financial Advisors Pvt. Ltd. strongly believes that wealth and low levels of corruption go together. India needs to continue processes which are transparent, establish mechanisms that check loopholes within the economy, facilitate in making the civil society more strong. Without a doubt, Innovative Financial Advisors Pvt. Ltd. reviews that technology ensure more accountability and transparency especially when there is widespread petty corruption in the country. IT based solutions will be the answer to India questions on corruption. It has been clear already from the recent elections that those engaged in corruption are voted out and this means of running the country is not at all sustainable. Slowly, the Indian economic and political systems are moving in a clean direction and hope in the years to come, India will become corruption free.