WHITE COLLAR CRIMES IN INDIA: A SET BACK FOR PROGRESSIVE NATION BUILDING

Abstract

Presently the increasing rate of white-collar crimes in India has induced a massive impact on the economic wellbeing of the country. In India, bank frauds, evasion of tax and economic threats have been considered for hindering the economic infrastructure of the country. On this note, the government of India must take essential actions in order to reduce the rate of increasing number of white-collar crimes in India. However, through analysing the prior studies it has been anticipated that white collar crime is riskier to the economy of a country compared to ordinary crime. On this note, it has been detected that white collar crime can put the employees in danger through providing an unsafe operation condition. However, in this research study a secondary qualitative method of data collection has been employed to gather and interpret information regarding the purpose of the study. Apart from that, thematic analysis has been incorporated to outline the key findings of the study. However, the findings of the study have highlighted that white collar crime has induced a massive impact in resisting the economic growth of India. In addition to that, corruption is another major factor that has significantly enhanced the rate white crime. Despite the fact white collar crime hinders the economic infrastructure of a country, it has also accounted for imposing a massive burden on the society due to bribery and cybercrime.