Corruption Not A Problem, It’s India’s Biggest Business: Senior Member Of ICAI

A senior member of the Institute of Chartered Accountants of India (ICAI) described corruption not as a peripheral problem but as India’s largest “business,” with a structured system operating across multiple levels of governance and administration. The statement highlights how corruption thrives in institutionalized ways, impacting economic growth, investor confidence, and governance structures. The comment underscores systemic deficiencies in enforcement of anti-corruption laws and emphasizes the urgent need for transparency and accountability measures. By pointing out that corruption operates like an organized sector, the remarks stress that reforms should go beyond token measures and require holistic regulatory, institutional, and societal efforts. The discourse adds momentum to debates on corporate governance, public accountability, and stricter enforcement of anti-bribery provisions under Indian law.