Corruption deterring foreign investments
India still ranks high in terms of corruption. Transparency International publishes a report in which it ranks countries on the basis of corruption. Last year, ‘corruption perception index’ ranked India ranked 94 out of 176 countries. India earned a very low score of 36 on a scale from 0 (most corrupt) to 100 (least corrupt) with the cause of corruption principally attributed to the amount of bribe being paid to government officials. Countries such as Denmark, Finland, Sweden and Singapore, are some of the richest economies in the world and with minimal levels of corruption.
India still ranks high in terms of corruption. Transparency International publishes a report in which it ranks countries on the basis of corruption. Last year, ‘corruption perception index’ ranked India ranked 94 out of 176 countries. India earned a very low score of 36 on a scale from 0 (most corrupt) to 100 (least corrupt) with the cause of corruption principally attributed to the amount of bribe being paid to government officials. Countries such as Denmark, Finland, Sweden and Singapore, are some of the richest economies in the world and with minimal levels of corruption.
Read the Hindu Business Line article here.
