| Year | Name of Scam | Size of Scam | Scam as % of GDP | Size of GDP (in Rs. Crores) |
| 1991-92 | Harshad Mehta Scam | Rs.5,000 crores | 0.76 | 654,729 |
| 1994-95 | Preferential Allotment | Rs.5,000 crores | 0.49 | 1,015,764 |
| 1995-96 | Fertiliser Import Scam | Rs.1,300 crores | 0.11% | 1,191,813 |
| 1996-97 | Sukh Ram Telecom Scam | Rs.1,500 crores | 0.11 | 1,378,617 |
| 2000-01 | UTI Scam | Rs.4,800 crores | 0.23 | 2,102,314 |
| 2004-05 | Scorpene Submarine Scam | Rs.18,978 crores | 0.60 | 3,149,407 |
| 2007-08 | Pune Hassan Ali Khan Tax Fraud | Rs.50,000 crores | 1.01 | 4,947,857 |
| 2008-09 | Madhu Koda Mining Scam | Rs.4,000 crores | 0.07 | 5,574,448 |
| 2009-10 | 2G Telecom Scam | Rs.176,700 crores | 2.84 | 6,231,172 |
We hope to provide research and analysis that could improve our insights into the formation of bubbles or manias which invariably end in panics & crashes. We attempt to spot and highlight various anomalies in the economy & society which often precede the formation of bubbles. The premise that underscores this blog is the view that timely regulatory action can prevent the formation of bubbles since these anomalies are formed by human economic & social behaviour in the first place.
Sunday, 19 December 2010
The Cost of Corruption
Scams as % of GDP
Source: The Financial Express, 19 December 2010, p.4
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