What drives India ahead of Pakistan despite similar corruption woes?

[Kriketer]

I guess one of the basic issues is that Pakistan has been dealing with terrorism, meanwhile India was focusing on welcoming foreign investment.

True, huge impact and reasoning. Pakistan getting dragged into someone else's war has severely hampered Pakistan's economy, growth and it's own security. Foreign investments dried up outside of CPEC, when Pakistan got involved with America's war of terror. Recovery won't be overnight and will take its time, and mixed with deep corruption and army rule at will doesn't make for a pleasant case.

India overall had stability, no proxy wars, cheap labour and decent size of educated people and a huge consumer market of it's own with over 1.6 billion population, all a good mix for a stable growth. Still got a long way to go compared to similar sized nation like China and recent religious extremism could hurt in the long run, but it is headed towards right direction economy wise.

 

[JaDed]

True, huge impact and reasoning. Pakistan getting dragged into someone else's war has severely hampered Pakistan's economy, growth and it's own security. Foreign investments dried up outside of CPEC, when Pakistan got involved with America's war of terror. Recovery won't be overnight and will take its time, and mixed with deep corruption and army rule at will doesn't make for a pleasant case.

India overall had stability, no proxy wars, cheap labour and decent size of educated people and a huge consumer market of it's own with over 1.6 billion population, all a good mix for a stable growth. Still got a long way to go compared to similar sized nation like China and recent religious extremism could hurt in the long run, but it is headed towards right direction economy wise.

I have had this discussion already but let me have it again, how many countries border Afghanistan please tell me who else got involved?

Pakistan made its bed with US now it can’t run away from that decision, and it continues to do so, who was having tea in Kabul when Taliban took over?

Iran how much ever i ridicule them , they have done well with so many threats to them and sanctions none of which Pakistan faced.

Truth is Pakistani establishment wanted to be part of that war wanted the money and not consequences, something that India consistently stays out of as visible with China-India issues of US army base in India.

 

[JaDed]

Heck Indian intelligence has consistently improved from 2008 and also before that, tried to keep India away from foreign influences and wars.
It’s not luck but the decision making of the successive governments.

We haven’t gone to IMF since 1993, no loans after 2000 from them.

This is by design not luck but it also helps that we have ethnicities from Gujarat,Maharashtra, South India that are different to that of North India and pays high income tax and generates wealth.

 

[Vikram1989]

We haven’t gone to IMF since 1993, no loans after 2000 from them.

This is by design not luck

Since 2014 We have stopped taking humanitarian relief funds or materials during disaster from any other countries too .it was good show case of
our self sufficiency.

 

[JaDed]

Since 2014 We have stopped taking humanitarian relief funds or materials during disaster from any other countries too .it was good show case of
our self sufficiency.

When i was in 8th grade Chennai, we had history and civics subject and there was this line I remember:
No one will hold India’s hand and take it towards progress , Developed nations will always prefer the status quo.

 

[Champ_Pal]

Both Indian and Pakistani government have tons of corruption.

However, when push comes to shove, Indian governments(irrespective of Left or right) and its people put India first. They are more patriotic than Pakistan Governments.

I feel Pakistanis in general are more worried about what is happening to Muslims around the world. Things that have nothing to do with Pakistan or its progress.

 

[uppercut]

Here is the "Elephant in the room" answer to the question posed in the OP: Religion

So lets say tomorrow somebody waves a magic wand and converts Indias population to Muslim.... it will become a basket/banana republic type country in a matter of few years.

 

[Bhaijaan]

For Pakistan to compete with Bharat, it has to be a country first which it isn’t. For as long as Pakistan remains a military dictatorship whose existence is built on lies they cannot compete with Bharat in the real world howsoever incompetent and corrupt our governments and bureaucracy maybe.

 

[Romali_rotti]

Here is the "Elephant in the room" answer to the question posed in the OP: Religion

So lets say tomorrow somebody waves a magic wand and converts Indias population to Muslim.... it will become a basket/banana republic type country in a matter of few years.

I have said this numerous times. If India became a muslim majority then they would be another lost cause like Pakistan and Bangladesh. Thank God India isn't fully taken over by the middle eastern religion, the chaos it has done to Pakistan and Bangladesh to a point where they can never revive themselves is legit scary and a warning for all..

 

[Hitman]

Here is the "Elephant in the room" answer to the question posed in the OP: Religion

So lets say tomorrow somebody waves a magic wand and converts Indias population to Muslim.... it will become a basket/banana republic type country in a matter of few years.

I have said this numerous times. If India became a muslim majority then they would be another lost cause like Pakistan and Bangladesh. Thank God India isn't fully taken over by the middle eastern religion, the chaos it has done to Pakistan and Bangladesh to a point where they can never revive themselves is legit scary and a warning for all..

Stole the words out of my mouth.

 

[FearlessRoar]

66% of Businesses in India Paid Bribes to Avail Government Services, Claims Report

Businesses surveyed by LocalCircles claimed that they paid bribes to qualify as suppliers, secure quotations and orders, and collect payments.

A survey by the online platform LocalCircles found that around 66 per cent of businesses surveyed across 159 districts in India admitted to paying bribes to obtain government services.

The report notes that digitising and enhancing CCTV cameras have not deterred corrupt practices in government offices. (REUTERS)

Business firms claimed that they bribed different types of government entities in the last 12 months to qualify as suppliers, secure quotations and orders, and collect payments.

According to a PTI report, the survey was conducted between May 22 and November 30. The report claimed that 75 per cent of the total bribes reported were paid to officials of government departments such as legal, metrology, food, drug, health, etc.

Also read | Karnataka cabinet orders reopening of corruption and money laundering cases against BS Yediyurappa and Family“Many also reported paying bribes to GST officials, pollution department, municipal corporation and power department,” the report said.

In a survey that received over 18,000 responses, 54 per cent claimed they were forced to pay bribes, while 46 per cent paid voluntarily to expedite the bureaucratic process.

“As many businesses would vouch anonymously, bribes remain a way of life when wanting to get government departments to speed up the permit or compliance process, even getting duplicate copies of the authority license or anything to do with property matters. 66 per cent of businesses surveyed paid a bribe in the last 12 months,” the report said.

Also read | Noida authority junior engineer sacked, managers suspended over corruption chargesJust 16 per cent claimed to get their work done without paying a bribe, and 19 per cent said they “did not have a need” to do so.

“Of businesses that paid bribes in the last 12 months, 54 per cent were forced to do so, while 46 per cent paid it for timely processing. This kind of bribery amounts to extortion where permits, supplier qualification, files, orders, and payments are routinely held up when dealing with government agencies,” the report said.

The report notes that digitising and enhancing CCTV cameras have not deterred corrupt practices in government offices. It claims that bribes are paid behind closed doors, away from CCTVs.

“Though initiatives like the Government eProcurement marketplace are good steps to reduce corruption, there are still openings to engage in corruption for supplier qualification, bid manipulation, completion certificate and payments,” the report noted.

Also read | RTI reply: Govt paid SBI ₹11.61cr as poll bond commissionThough the survey may paint a picture of rampant corruption, the businesses surveyed claimed that the number of bribery transactions and the aggregate value of bribes paid reduced in the last 12 months.

Aakash Sharma, Deloitte India Partner, told news agency PTI that businesses tend to believe that maintaining the bare minimum regarding policies and procedures could result in no regulatory scrutiny and penal actions.

“While this approach may have been sufficient in the past, recent upward trends in corruption cases, combined with the changing regulatory landscape, require organisations to relook at their compliance framework and establish a robust anti-corruption programme,” he added.

https://www.google.com/amp/s/www.hindustantimes.com/india-news/66-of-businesses-in-india-paid-bribes-to-avail-government-services-claims-report-101733648067807-amp.html

 

[Bhaijaan]

66% of Businesses in India Paid Bribes to Avail Government Services, Claims Report

Businesses surveyed by LocalCircles claimed that they paid bribes to qualify as suppliers, secure quotations and orders, and collect payments.

A survey by the online platform LocalCircles found that around 66 per cent of businesses surveyed across 159 districts in India admitted to paying bribes to obtain government services.

The report notes that digitising and enhancing CCTV cameras have not deterred corrupt practices in government offices. (REUTERS)

Business firms claimed that they bribed different types of government entities in the last 12 months to qualify as suppliers, secure quotations and orders, and collect payments.

According to a PTI report, the survey was conducted between May 22 and November 30. The report claimed that 75 per cent of the total bribes reported were paid to officials of government departments such as legal, metrology, food, drug, health, etc.

Also read | Karnataka cabinet orders reopening of corruption and money laundering cases against BS Yediyurappa and Family“Many also reported paying bribes to GST officials, pollution department, municipal corporation and power department,” the report said.

In a survey that received over 18,000 responses, 54 per cent claimed they were forced to pay bribes, while 46 per cent paid voluntarily to expedite the bureaucratic process.

“As many businesses would vouch anonymously, bribes remain a way of life when wanting to get government departments to speed up the permit or compliance process, even getting duplicate copies of the authority license or anything to do with property matters. 66 per cent of businesses surveyed paid a bribe in the last 12 months,” the report said.

Also read | Noida authority junior engineer sacked, managers suspended over corruption chargesJust 16 per cent claimed to get their work done without paying a bribe, and 19 per cent said they “did not have a need” to do so.

“Of businesses that paid bribes in the last 12 months, 54 per cent were forced to do so, while 46 per cent paid it for timely processing. This kind of bribery amounts to extortion where permits, supplier qualification, files, orders, and payments are routinely held up when dealing with government agencies,” the report said.

The report notes that digitising and enhancing CCTV cameras have not deterred corrupt practices in government offices. It claims that bribes are paid behind closed doors, away from CCTVs.

“Though initiatives like the Government eProcurement marketplace are good steps to reduce corruption, there are still openings to engage in corruption for supplier qualification, bid manipulation, completion certificate and payments,” the report noted.

Also read | RTI reply: Govt paid SBI ₹11.61cr as poll bond commissionThough the survey may paint a picture of rampant corruption, the businesses surveyed claimed that the number of bribery transactions and the aggregate value of bribes paid reduced in the last 12 months.

Aakash Sharma, Deloitte India Partner, told news agency PTI that businesses tend to believe that maintaining the bare minimum regarding policies and procedures could result in no regulatory scrutiny and penal actions.

“While this approach may have been sufficient in the past, recent upward trends in corruption cases, combined with the changing regulatory landscape, require organisations to relook at their compliance framework and establish a robust anti-corruption programme,” he added.

https://www.google.com/amp/s/www.hindustantimes.com/india-news/66-of-businesses-in-india-paid-bribes-to-avail-government-services-claims-report-101733648067807-amp.html

For as long as the Government employees are able to take bribes people will exploit it.

Government can very easily stop corruption. But it doesn’t pay attention to it because they’re all complicit in this loot of national wealth and want to keep it a win-win situation.

 

[The Bald Eagle]

Indian rupee hits record low, bonds rise as change of guard at India’s central bank spurs rate cut bets

The Indian rupee slipped to a record low and government bond prices rose on Tuesday, as the appointment of career bureaucrat Sanjay Malhotra as the next Reserve Bank of India (RBI) governor raised expectations of rate cuts.

The rupee fell to 84.8550 per US dollar, surpassing its previous all-time low of 84.7575 hit last week, while the 10-year bond yield fell 2 basis points to 6.6954 per cent. Yields move inversely to bond prices.

India’s five-year overnight index swap, a gauge of interest rate expectations, declined to a 3-month low of 5.97pc.

The RBI likely stepped in to support the rupee, traders said.

Malhotra, currently the revenue secretary to the finance ministry, has been appointed as the RBI governor for a three-year term starting December 11 as the six-year term of the outgoing governor Shaktikanta Das ends on Tuesday.

Malhotra has worked in financial services, power, taxation and information technology over his three-decade career.

He takes charge at a time when the Indian economy’s growth has slowed while inflation remains elevated, complicating the outlook for monetary policy.

Restoring a balance between inflation and growth in India remains an important task for the RBI, Das said in Mumbai on Tuesday.

“One has to understand the turf, all perspectives and do what’s the best for the economy,” Malhotra said in New Delhi.

Das’s exit, economists said, could add a dovish tilt to India’s monetary policy committee as Das and RBI Deputy Governor Michael Patra were seen as the most hawkish members of the six-member rate-setting panel.

Patra’s term concludes in mid-January and the government is looking for a replacement.

Three new external members on India’s rate-setting panel were replaced in October after the terms of the previous members ended.

“With Malhotra’s appointment, there is an expectation that there will be a tilt towards supporting growth,” said Anshul Chandak, head of treasury at RBL Bank.

“A February rate cut by the RBI seems more certain now.” On Dec 6, the RBI kept its key interest rate unchanged but lowered the cash reserves that banks must hold, effectively easing monetary conditions.

“If the RBI adopts a growth-focused monetary policy, as suggested by recent dovish expectations, narrowing interest rate differentials could weaken carry trade inflows and hurt the rupee,” a trader at a bank said.

The trader expects the rupee to decline to 86 by the end of March 2025.

Source: Dawn News