E&Y survey reveals deplorable state of ethics in India

Financial Express reports that a recent E&Y survey among Indian organisation reveals the widespread existence of unethical practices among Indian organisations and that employees in India feel that offering bribes is justified. Despite the existence of compliance and awareness programmes, a significant and influential group still regards unethical business practices as acceptable.

Among unethical practices, making cash payments or offering personal gifts or entertainment to win business is common. A third of the respondents in the countrywide survey feel that offering cash payments to win or retain business can be justified.  Along with that 69 per cent believe that bribery and corruption are widespread in the country.

Read the Financial Express report here.