PAPER ID:IJIM/Vol. 7(XI)/March 2023/55-60/12

AUTHOR : Kadam Sehrawat ^[I] Dr. Parmila^[II]

TITLE: A STUDY OF THE SOCIAL ECONOMIC IMPACT OF CORRUPTION IN INDIA

ABSTRACT: Corruption, a pervasive and detrimental phenomenon, has far-reaching impacts on societies, economies, and institutions. Its tentacles infiltrate various facets of public and private life, leaving in their wake a trail of consequences that hinder development, erode trust, and perpetuate inequality.

At its core, corruption distorts the allocation of resources, diverting funds intended for public welfare towards private gains. In economies plagued by corruption, public projects often suffer from inefficiency and substandard quality as funds are siphoned off through bribes and kickbacks. This misallocation hampers infrastructural development, education, healthcare, and other vital sectors, perpetuating a cycle of poverty and underdevelopment.

KEYWORDS: corruption, socio-economic impact, FDI, legal institutions, law enforcement, global dimension, economic growth

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