Which is the more harmful for India? | LinkedIn Answers | LinkedIn

Which is the more harmful for India? | LinkedIn Answers | LinkedIn

Which is the more harmful for India?

It is estimated that Indians have stashed away $1400 Billion in banks abroad. Much of this may be from corrupt politicians and their crony businessmen who have been salting away ill gotten gains for decades.


At the same time a corrupt bureaucracy which does little except blocking free economic activity keeps getting paid $80 Billion(almost 40% of total government expenditure) as salaries and benefits every year which is paid by common people in the form of taxes and inflation.


Some part of the $1400 Billion stashed away abroad may be by normal business people to fund business activity abroad as India still does not have free capital flows out of the country and this may save them hassles and time and therefore may even be beneficial to the country.


Which of these two categories...money being surreptitiously sent abroad or money being spent on corrupt government machinery would be more damaging for India's economy?


I tend to believe that the second seems the larger evil....