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India Inc. and Its Moral Discontents

Posted | on May 14, 2012 | by Gopakumar | Comments Off

by Ravinder Kaur

Economic & Political Weekly, May19, 2012

When and how did corruption become the most urgent crisis facing the Indian nation? This question is yet to be addressed adequately in the ongoing debates on corruption in India. This article turns its attention to the role of India Inc. in shaping the anti-corruption movement which coalesced around popular discontent successfully harnessed by civil society organisations and big corporations with ideological support of global fi nancial institutions such as the World Bank and the International Monetary Fund. It argues that the moral panic about the lowered levels of ethical values in society is no longer merely a matter of individual integrity and concern.The urgent actions stem from the belief that corruption has a severe economic meaning for the nation especially to its brand image in the world as an “attractive investment destination”. The fear of losing investments underpins the active participation of corporate players in the anti-corruption movement.

URL: http://epw.in/epw/uploads/articles/17466.pdf

Courtesy:EPW

Category: Corruption, India

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