information:highlighting, structural:reformatting
Corruption

India is ranked 75 out of 179 countries in Transparency International 's Corruption Perceptions Index, but its score has improved consistently from 2.7 in 2002 to 3.1 in 2011.

In India, corruption takes the form of bribes, tax evasion, exchange controls, embezzlement, etc. A 2005 study done by Transparency International (TI) India found that more than 50% had firsthand experience of paying bribe or peddling influence to complete a task in a public office. The chief economic consequences of corruption are the loss to the exchequer and an increase in the cost of government-subsidised services, the unhealthy climate for investment, political instability, and unprincipled ethics.

The TI India study estimates the monetary value of petty corruption in eleven basic services provided by the government, such as education, healthcare, judiciary, police, etc., to be approximately Rs.21,068 crores. India still ranks in the bottom quartile of developing nations in terms of the ease of doing business and compared to China and other lower developed Asian nations, the average time taken to secure the clearances for a startup or to invoke bankruptcy is much greater. Recently, a revelation of tax evasion (Panama Papers' Leak) case involving several high-profile celebrities and businessmen has increased the number of corruption charges against the elite of the country.