I think this is about as useful as observing Boeing has a lock on the US government and distorts the market with Airbus.
It completely ignores the real stories in technology and development which make people invest.
It completely ignores the real stories in technology and development which make people invest.
Read the book "The Polyester Prince". The Ambani's got it banned in India.
It's an open secret that the Ambani's are the most corrupt family in India.
Not very sure about that lol!
That way corruption is very hard to measure in India. There was one story like an year back in the state of Telangana where a sub-inspector was caught, the raid revealed he was worth around 300 crore rupees. That is what he was unable to hide. What he was able to hide would be way more. He was also stupid flaunting around his wealth. Your tax commissioners, property registration DCs, other government front line approval staff, or police are just worth more than your ordinary industrialist these days. The ones below them, the lower level government bribe potential jobs easily beat the net worths of may be even top execs in your Software firms.
This is illegal bribe. Legal bribes run even more deep. I knew of a person whose dad was in IAS, that man would get a plots(for negligible prices) from politicians every time BDA launched a layout in Bangalore. This is legal stuff. Their family is likely worth in upwards of a few hundred crores.
Another sorry sight in any Indian city is traffic police standing around in corners making bribes, when they pull out bundles from their pockets to dispense change. Even a back of visual evaluation and a worse case back of envelop calculation you will see those men would have a few lacs in their pockets.
All the best catching them, because most of these people have associations, and they meet bi-weekly in hotels and work with their legal teams to safeguard themselves.
That way its hilarious to even try to evaluate net worth of politicians or big industrialists. Try checking the quantity of land banks real estate developers in a city like Bangalore own. Their game is set for decades.
Also looked up bribing traffic police as it sounds somewhat incredible. Found this: https://economictimes.indiatimes.com/news/politics-and-natio... According to that article, 82% of respondents (among truck drivers and fleet owners) alleged to have paid bribes in their last trip, at an estimated average of Rs 1257 (US$17) per trip (I assume people who’re annoyed about bribes are more likely to respond, so the reality should be somewhat better than 82% which is kind of crazy...).