India fifth most corrupt Asian economy: Survey

[OhioChick]

Singapore, March 13: India is perceived as Asia`s fifth most corrupt while the Philippines as most corrupt economy by foreign businessmen according to a survey that also found countries were failing properly to tackle corruption.

Singapore (1.20) and Hong Kong (1.87) were seen as the cleanest economies, among the 13 Asian economies while China, Indonesia and Vietnam posted improvements, the Hong Kong-based Political and Economic Risk Consultancy (PERC) said today in a summary made available to a news agency.

In a grading system with zero as the best possible score and 10 the worst. The Phillipines got 9.40, worsening sharply from its grade of 7.8 last year. India, though improved its score from 6.76 last year to 6.67 this year, was in the fifth in the ranking among 13 Asian economies.

PERC said the Indian government must accelerate reforms, warning that corruption can limit companies` expansion plans.

http://www.zeenews.com/articles.asp?aid=359762&sid=BUS&ssid=51

I feel safer knowing that they likely have access to all of my personal/financial information. :sarcasm:

[ShockediSay]

1. "I feel safer knowing that they likely have access to" our latest nuclear

technology without signing on to nuclear non-proliferation protocols
:sarcasm:
:sarcasm:

[OhioChick]

2. Good Point. n/t

[lovuian]

3. Corruption = poor people

thats pretty obvious

[ProudDad]

4. Don't forget that India

has for years been ruled by a capitalist, right-wing cabal...

Way to go "free market"! :sarcasm: