The Nexus between White-Collar Crime and Economic Loss to the Indian Exchequer: An Empirical Study

With its devastating effects on the country's coffers and its ability to erode faith in government, white-collar crime has recently become one of India's most pressing problems. Using a mixed-methods approach, this study seeks to understand how white-collar crime affects the Indian government's coffers. Legal experts, financial analysts, government officials, business executives, auditors, and academics made up 105 of the respondents who participated in the mixed-method study. Stakeholders are somewhat to highly aware of white-collar crimes, according to the results, and they are very worried about the judicial system's ability to prevent these crimes. There needs to be systemic change since statistical analysis shows that there is a negative association between the appropriateness of the legal framework and economic loss. Improving regulatory frameworks, increasing punishments, and bringing public awareness to the forefront are all highlighted by qualitative observations. The research shows that in order to prevent economic dishonesty and safeguard public funds, a comprehensive plan is needed to tackle white-collar crime.