Saturday, April 25, 2009

India, Asia's 4th most corrupt nation (Rediff)

India, Asia's 4th most corrupt nation

Indian's hairstyle

Corruption has gripped countries across the world. India is no execption. Many bribery and corruption scandals have tarnished India's image over the years. Across Asia, several countries still see rampant corruption at all levels exposing the nexus between political parties and corporate houses.

India, with a score* of 7.21 on the corruption index, is the fourth most corrupt nation in Asia, according to a survey by the Political and Economic Risk Consultancy (PERC).

Companies have cited excessive regulation and high levels of corruption as a major constraint to doing business in India. Corruption takes the form of bribery, kickbacks from deals and tax evasion in India. It continues to be a major concern, especially in government procurement of telecommunications, power, and defence deals, the study states.

So which are Asia's most corrupt countries? Click here to find out. . .

* (Note: On a scale of zero to 10, zero is the best possible score.)

Image: An Indian hairdresser ) designs a new hairstyle for his client in Mumbai. India's arms bribery scandal, exposed by 'Tehelka', was the inspiration for this wacky hairdo. | Photograph: Reuters.

Source: Rediff
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