In India, Will Corruption Slow Growth or Will Growth Slow Corruption?
Now that India is playing an ever larger role in the world economy, the issue of corruption, in both the private and public sectors, is coming into sharper focus. Two scenarios are possible: As India’s multinational corporations develop both economic and political muscle, they may act as a broom, sweeping corruption from the economic sphere. On the other hand, entrenched practices may prove the stronger force and corruption could end up being a significant brake on India’s economic rise.
http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4214