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Further, report says that India ranks second in the region for procedures and time
required to enforce a contract. It takes three months to open a business in Mumbai.
Two of the months are spent on obtaining a personal account number from the
income-tax department.
There have been loss of $50 billion due to tax evasion; $10 billion due to delay in
projects to the government due to bureaucratic red tape.E.g
Corrupted, red tape bureaucracy & politics can be harmful to the Indian
economy in the long run.
Corruption &/in Bureaucratic practices:
In India, the web of corruption probably has a bureaucratic core. A vast
bureaucracy is responsible for individual and institutionalized corruption. Out of every
rupee spent by the government for development, less than a tenth of the amount
actually reaches the beneficiary.
Transparency International a global watchdog body, ranked India at a 85th in
a 128 country list in its Corruption Perception Index, in 2008. A 2009 survey of the
leading economies of Asia, revealed Indian bureaucracy to be not just least efficient
out of Asian countries like Singapore, Japan, China; further it was also found that
working with the India's civil servants was a "slow and painful" process.(slide-nation
&rank)
So at the end I would like to sum up ma presentation with the conclusion that, it’s a
time to say good bye to the suffocating, inefficient, corrupted bureaucracy if India
wants to lead the league of most powerful countries in the world.
Parliamentary form of Government