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Russia, China More Corrupt Than India: Report


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India is not as corrupt as China and Russia, a global credit rating agency Fitch has said.

The country, however, suffers from excessive regulation and tax laws, which is worrying for foreign investors, Fitch group managing director Richard Hunter said.

“We will certainly rank India well below Russia and China when it comes to concerns about corruption. Really big concern about India is regulation and tax treatment,” he said.

Hunter further said that the recent corruption cases have not affected the confidence of investors in India and added, “Corruption is certainly not a specialty in which India will win the gold medal. Corruption is something that does deter investors in China. There is respect for Indian legal system,” he said.

These comments come at a time when the nation is facing a plethora of corruption cases.

http://www.dnaindia.com/india/report_russia-china-more-corrupt-than-india-report_1516551

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