Corruption: India loses $16 bn every year!

praveen (Chartered Accountant) (6971 Points)

18 June 2011  

 

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

 

Speaking at an event organised in Chicago 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 became free of corruption, it could become the most developed country in the world and all its debt would go away.

Click NEXT to read more...


Image: Kiran Bedi says if corruption stops, India could become most developed country. Bedi with Anna Hazare.

     Next