India should find ways and means to reduce the rate of corruption. If it is not done, this may cripple Indian economy. We
need to examine how India topped the list of corrupt countriesIndia doesn''t just have loads of corruption at home, it is also the world leader in exporting graft. Months after Transparency International ranked India as among the more corrupt societies in the world, the NGO''s Bribe Payer''s Index 2006 shows that Indian exporters are more willing than their counterparts from other
countries to pay overseas bribes to secure business, clinch contracts, do deals and generally get on in the world. Of the 30 countries surveyed by the index, India was the worst — or most willing to give” followed by China and Russia. With Brazil also ranking pretty low as the eighth biggest bribe giver, the BRIC nations ”the foursome of Brazil, Russia, India and China” predicted to become among the biggest economies in the world by 2050 ” emerge as being prepared to do whatever it takes to enhance their share of the global trade pie. While this is the third BPI released by Transparency, after the ones in 1999 and 2002, it is the first time India has featured in the index. It was considered too economically insignificant and lacking global spread and reach in the earlier rounds. Liaoran Liao, Transparency International programme coordinator for South Asia, told TOI on Wednesday that it was definitely bad news for India to make its first outing on the BPI with a most-corrupt ranking for its newly jet-setting
companies." In 1999 and 2002, India was not listed on the BPI," said Liaoran, "but now India is considered an emerging economy and an emerging export power, so the CEOs and MDs ranked its companies.The newest league table was compiled after asking 11,000 top business executives in 125 countries to rank foreign companies in order of their propensity to bribe in the World Economic Forum''s Executive Opinion Survey. Transparency said the executives ranked India bottom of the list of 30 countries. The executives suggested Indians seemed ready to do business by paying bribes or making extra payments. The BPI ranked Swiss companies as least likely to use brown envelopes and backhanders to get the job done. No Asian country figures in the list of the ten cleanest countries. Japan figures eleventh