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    Corruption: Siphoning Off Growth

    Stories of corruption in India have filled the news in recent days. First there’s the corrupt Communications and Information Technology Minister, whose scam to pocket money from telecommunications firms may have topped $37 billion. Then there were accusations that politicians, officials, and contractors had pocketed more than 70% of $2.5 … More

    Default? More Like Corrupt Officials

    A recent New York Times article on microcredit in India may have missed the whole point. Their headline implies massive defaults in the microcredit industry, yet in the first paragraph they state, “borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians.” If borrowers … More