Corruption and Recession
Corruption is the most necessary lifesaving oxygen for India and her economy.India had successfully saved her economy from the downturn of world economy three years back. India will also survive from the current down turn without much efforts and it is due to corruption and parallel black economy.
I am not talking about the foreign bank accounts of some Indians.I am also not referring to the top 10 or 100 corrupt politicians of India.I am referring to the enormous unaccounted money owned by the accomplices of Indian political leaders, medium and small traders and government officials right from the lowest level to any level upwards.Exceptions are there ofcourse.
This huge amount of unaccounted money is in circulation in India. This is creating healthy effective demand of goods and services within the country.Effectve demand created by the accounted money is insignificant in India. The unorganised sector , which is most important sector of the Indian economy is mainly getting their earings generated by the holders of unaccounted money.
Therefore , I am confident that india will be able to avert recession. So let us say 'long live corruption'.
Hi friends - I am not serious ha.
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