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It is worrying that India, described as "the world's fastest-growing democracy" lacks a truly accountable political process. Undoubtedly the country is advancing on the economic front, yet this contrasts uncomfortably with the erosion of basic democratic values. Corrupt practices have infiltrated all walks of life: government functionaries, judges, lawyers, engineers and even doctors are seen as corrupt. No wonder the credibility of India as a chosen destination for foreign investors has taken a severe beating. India ranked 72nd in the corruption index of 2006 and is deemed the worst performer in the Bribe Payers Index. Respondents to a recent opinion poll rated the present UPA government as the most corrupt of the past 35 years. In terms of ease of doing business, India scores low, 133th out of 183 countries. This may be one of the reasons why several Indian multinationals, including Tata, Birla and Reliance are keeping their investments, worth several billion dollars, offshore. Full story...
Don't miss:
It is worrying that India, described as "the world's fastest-growing democracy" lacks a truly accountable political process. Undoubtedly the country is advancing on the economic front, yet this contrasts uncomfortably with the erosion of basic democratic values. Corrupt practices have infiltrated all walks of life: government functionaries, judges, lawyers, engineers and even doctors are seen as corrupt. No wonder the credibility of India as a chosen destination for foreign investors has taken a severe beating. India ranked 72nd in the corruption index of 2006 and is deemed the worst performer in the Bribe Payers Index. Respondents to a recent opinion poll rated the present UPA government as the most corrupt of the past 35 years. In terms of ease of doing business, India scores low, 133th out of 183 countries. This may be one of the reasons why several Indian multinationals, including Tata, Birla and Reliance are keeping their investments, worth several billion dollars, offshore. Full story...
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