To the extent that these were cheap in the past, there was little reward to misallocating them. Growth, however, increased the rents to corruption. Similarly, industrial development led to growing encroachment on farmland and forests and the displacement of farmers and tribals. India is a developing country with a civil society possessed of first world sensibilities.
Such practical steps would include training their staff and putting in appropriate policies and procedures. We have provided a draft Statement of Commitment for firms to publicly demonstrate their adherence to the Code.