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46 - Jayant Bhandari: The Reality of the Third World

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The Indian Banking System Got More Cash Deposit Than There Was Cash in Circulation

The Indian banking system got more cash deposited than there was cash in circulation. The expectation of government officials for bribes is much higher today than they ever were, he says. "If you get raped, Gabriel, your case will not get registered unless you pay a bribe to the police," Ravi Agrawal writes.

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