Dynamics of corruption and cronyism
The purpose of this chapter is to paint a broad picture of corruption and cronyism in India. Although common Indians face and talk about corruption every day, systematic research and writing on the topic is limited. Corruption and cronyism have affected the Indian economic growth and well-being of its large population. Thus, it is fitting to examine the major factors that underlie cronyism and corruption in India. Such information would be useful for decision makers. This chapter is divided into three parts. In the first part, the concepts of corruption and cronyism are defined and distinguished from each other. The second part of the chapter discusses the dynamics of corruption and cronyism in India. This part constitutes the bulk of the chapter and is divided into many sections and subsections. The last part of the chapter derives implications for managers and policy makers.