The Gigantic Scams

Hi friends

I am back again and this time I am with some analysis carried out by me. As we all know about the last four months. These four months revealed some of the biggest scams in the history of India. The biggest one was 2G Scam which cost nation `2,00,000 crore and other two were although not that big but were really shocking i.e. CWG Scam and Adarsh Society Scam of `8,000 crore and `800 crore respectively.

The three scams together cost nation `18,48,00,00,00,000 (One Lakh Eighty Four Thousand Eight Hundred Crore rupees). Now if you look at this amount it shows its grandiosity (look at the number of zeros it have). And especially in a country like India it becomes bigger (as we are counted among poor nations of the world)

This amount is more than 3% of Indian GDP. And in an international scenario this amount is even more than GDP of ninety countries of the world. Ninety countries in this world produces a GDP of less than such a big amount. Even Twenty poorest countries of the world together are not able to produce a GDP equal to the amount lost by us in these scams.

Analysis:

Indian Context

GDP of India - `50 lac crore approx.

Scam’s Total - `1.848 lac crore

Percentage – 3.70%

International Context

Total GDP of 90 poorest countries of the world – `61 lac crore approx.

Total GDP of 20 poorest countries of the world - `1.3 lac crore approx.

Percentage:

To 90 countries – 3.32%

To 20 countries – 150%

Now you yourself can see how big we are. We alone have a GDP equal to 90 poorest countries of the world. And our scam are even bigger.

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Readers please note:

·         The data are collected through different sources and accuracy was not measured.

Sources are: IMF, Wikipedia.