Corruption Trips Up India's Rise
The growing scandal over a newly built apartment tower in Mumbai, and the collapse of an old building in Delhi on the night of November 15, killing over 60 people reflect the peril that haunts Indians everyday - lack of secure property right, and strangulating regulation. The result is the pyramid of corruption that weighs heavily on citizens, and retards India's progress. This kind of systemic corruption cannot be dealt with by symbolic resignation of a minister. A shorter version of this article has been published in the Wall Street Journal , on 17 November 2010. Just a week ago President Barack Obama received repeated applause from Indian Parliamentarians for saying that India has risen, not merely rising! In the week since, Indians have been witness to the scourge that has held India back, corruption, with a capital C. President Obama’s host in Mumbai, Mr Ashok Chavan, Chief Minister of Maharashtra, resigned due to serious allegations of malpractices surrounding an apartment ...