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Sunday, 19 December 2010

The Cost of Corruption

Scams as % of GDP

YearName of ScamSize of ScamScam as % of GDPSize of GDP (in Rs. Crores)
1991-92Harshad Mehta ScamRs.5,000 crores0.76654,729
1994-95Preferential AllotmentRs.5,000 crores0.491,015,764
1995-96Fertiliser Import ScamRs.1,300 crores0.11%1,191,813
1996-97Sukh Ram Telecom ScamRs.1,500 crores0.111,378,617
2000-01UTI ScamRs.4,800 crores0.232,102,314
2004-05Scorpene Submarine ScamRs.18,978 crores0.603,149,407
2007-08Pune Hassan Ali Khan Tax FraudRs.50,000 crores1.014,947,857
2008-09Madhu Koda Mining ScamRs.4,000 crores0.075,574,448
2009-102G Telecom ScamRs.176,700 crores2.846,231,172
Source: The Financial Express, 19 December 2010, p.4

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