• Friday, May 20, 2022

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…

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