Corruption may be a problem in the US too, but, having lived here for a decade, I can assure you I've never been asked nor offered a single bribe. Corruption doesn't affect the common man directly here. In any case: just because it's in some other country, makes it all right to do it in India, right? Instead of racing for the bottom, why not try racing to the top, and compare India to Sweden, Norway, etc.?
Secondly: I never brought up privatization.