IMPACTS OF CORRUPTION ON INDIAN ECONOMY AND ITS COUNTERACTS: AN EMPIRICAL STUDY

Abstract: Corruption fosters cultures in which bribery or personal connections are valued more highly than merit in governments, corporations, and other institutions. Fundamentally, corruption undermines the principles of justice, accountability, and honesty that are essential to any healthy system, harming society as a whole. Objective: The study has tried to investigate the impacts of corruption in India and its counteracts. Methodology: This design is descriptive and it has made use of both qualitative and quantitative methods. Text, content, and descriptive analysis are used based on the sources of secondary data. Results and Discussions: India has always struggled with corruption, which has had a big impact on the country's politics, economics, and society. How to harm the all sectors are discussed in details. At the federal level, the Indian governments have attempted to fight against corruptions. A few initiatives to combat the corruptions are discussed. Conclusion: Corruption undermines public confidence, impedes economic expansion, and jeopardizes a country's foundations. To reduce corruption and promote honesty via religious rituals, a holistic approach is required that includes personal development, collective support, and a deep understanding of the moral ideals included in religious teachings.