R Gopalakrishnan, director, Tata Sons Ltd, said that rather than despairing about the existence of corruption, society should develop systems that continuously try to eradicate it.
Speaking on ‘Corruption - its History and its Future,’ at the 4th MKK Nayar Memorial Lecture, organised by the Kerala Management Association, he added that similar to eradication of a disease, if society sits and despairs, the solution can never be found. Instead, initiating continuous systems to solve it will result in finding the cure.The cost of corruption in India has been estimated by some analysts to be about 2 per cent of GDP. The late C K Prahlad startled the nation by estimating it as 5 per cent of GDP. He said that 2 per cent of GDP alone amounts to `90,000 crores a year, equivalent to NREGA spending money every year, Gopalakrishnan added. The book ‘Comma in a Sentence’ authored by R Gopalakrishnan was also released and Sunil K Zachariah interacted with the author.
S Rajmohan Nair, president, KMA welcomed the gathering and delivered the presidential address. V R Nair, chairman, Management Week Celebration introduced the chief guest. Venugopal C Govind, managing partner, Varma & Varma Chartered Accountants remembered the late MKK Nayar and Jibu Paul, joint secretary, proposed the vote of thanks.