Findings of the crime victimisation survey (SATARC) conducted by IDFC Institute, mentioned in this Business Standard article by Ajay Shah. Excerpts below:
"Crime is deterred by the probability of getting caught. For one case — theft in New Delhi — we estimate the probability of getting caught is under 3 per cent...
We can make punishments more draconian, but this generally leads to greater corruption."
Read the entire article here.