Governance corruption transparency accountability from "summary" of Indian Economy: Performance and Policies by Uma Kapila
Governance refers to the process of decision-making and the implementation of policies by those in authority. Corruption, on the other hand, involves the misuse of power for personal gain. Transparency is the quality of being open and honest, allowing for scrutiny and accountability. Accountability, in turn, is the responsibility of those in power to answer for their actions and decisions. In the context of governance, corruption undermines the trust of the people in the system. It distorts decision-making processes, leading to inefficiency and inequality. Lack of transparency further exacerbates the problem by allowing corruption to thrive in the shadows. Without accountability, those in power are not held responsib...
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