|Image credits: Financialexpress.com|
|Image credits: Youthkiaawaz.com|
Since the government does not take proper actions people lose trust in them so it leaves a very bad effect on the economy. The Rate of generation of employment opportunities get reduced, foreign investors do not invest any more in that country due to which capital formation is considerably reduced, business operations stop functioning properly, financial markets are widely affected and many other factors are there which can affect the development of the nation. It is believed that higher the corruption rate, slower will be the economic growth and development of the country. Moral education should be provided to all sections of people so that they can, at least, think once before they indulge in corrupt practices. It is very necessary to implement proper actions and measures to increase the growth rate of the country by minimizing corrupt practices and eradicating the problem of poverty.
Article by Anisha Dutta
She is a content evangelist who believes that the Science of today is the Technology of tomorrow.
She can be reached at https://twitter.com/Anisha_Dutta29