• Saturday, April 20, 2024

Business

UK Businesses Perception Of Corruption As Barrier To Operate In India Halved Since 2015: UKIBC Report

The roll-out of GST was also cited as a contributor to the improved operating environment with those optimistic about the reform doubling on 2017, overturning initial caution around its implementation in last year’s report (Photo: MANJUNATH KIRAN/AFP/Getty Images).

By: Radhakrishna N S

The UK India Business Council Ease of Doing Business Report, released on Monday (19) today, highlights that UK businesses’ perceptions of corruption as a barrier to operating in India has halved since 2015. Based on an in-depth survey of businesses with a combined turnover of $122 billion, the report found only 25 per cent of UK businesses saw corruption as a major barrier in 2018, as opposed to 51 per cent in 2015. The drive to digitalise government interactions was cited as a major factor behind this as it has led to reduced face-to-face interactions where corruption is most likely to take place. Another key finding…

You do not have access to this content. You need to subscribe.

Related Stories

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…