Economics and Corruption - India HAS to have a revolution

Hello everybody,
I thought I would share my views on corruption. No one has yet approached the problem of corruption through an economic point of view, so I thought I would share my views. I have some experience in economics, which I thought I would share with everyone. I believe everyone should know the impacts of corruption.

Corruption is like a poison - slow poison which slowly suffocates and kills the country's economy. What happens when the country's economy falls? EVERYONE is affected. Corruption seems to be the biggest cause for inflation. The government may say that it's due to a growing economy, but, this is not true which I shall explain later.

Let me explain how corruption and inflation are linked -
India has a public (government) debt of 68.05% of GDP (2011 est.) which is around $2.93 trillion or Rs 146 trillion. This is a very large amount of debt.
What happens is that as soon as the money comes from World bank to India, 80% of it goes abroad to Swiss bank accounts and the remaining 20% is spent within the country.
Now the World bank demands the money back (along with intrest) and here lies the problem.
The amount of money invested in the country is only 20% which cannot yield the extra 80% which went abroad. Then the government uses tax money to fund the instalments, which was initially meant for development. This is where development stops and this causes inflation as there is a shortage of goods and services.
This happens because the government gives subsidies to some private businesses and also spends on its own agencies, which stops. Interestingly, the government uses monetary policy (controlling interest rates) to tackle inflation. While this may help reduce inflation, it will reduce spending in the economy and development will cease and unemployment will hit skyrocketing levels. India is just getting caught in a spiral where money is being continuously drawn from the pockets of citizens, eventually leaving them empty handed.

Following this, I believe a revolution is necessary. It can be now, when we already have supporters or when everyone loses their jobs and other countries like the US and our neighbours laugh on our foolishness.
Why are people in Libya and Syria fighting for a revolution? Physical tyranny is a small part, but economic tyranny was quite high. We need a similar revolution in India before it's too late. Act now and finish this issue before it becomes a major problem!