A Correlation Study Analysing the Affect of Corruption on Economic Growth in India

Abstract

 Economic growth is an essential phenomenon for a nation as the economic growth level determines the standard of living of the people of that country and is considered a fair proxy for the human development indicators.  As Per The Latest Corruption Perception Index (Cpi) Which Is Released In January  2022, India Has Ranked 85th Out Of The 180 Countries Which Were Included In The Index  One of the ideologies known to affect the degree of economic growth in a nation is corruption.  The link between corruption and economic growth and reviews academic literature focusing on different effects of corruption on economic performance.  Following this, taken India's example as a case study. To support the arguments regarding the negative impact of corruption on economic growth, we have conducted empirical research by implementing a correlation study. We have employed the statistics of the Corruption Perception Index (CPI), Gross Domestic Product (GDP), GDP Growth Rate and   Foreign Direct Investments (FDI) for the investigation.  Hence, the paper is an attempt to examine the empirical relation between corruption and economic growth.