India not as corrupt as China and Russia: Fitch

[The HBS Guy]

India not as corrupt as China and Russia: Fitch​

NEW DELHI: India is not as corrupt as China and Russia, according to the global credit rating agency Fitch.

The country, however, suffers from excessive regulation and tax laws, which is concern for foreign investors, Fitch Group Managing Director for Corporate Rating Richard Hunter told PTI in an interview.

"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.

These comments come at a time when the nation is facing a plethora of corruption cases relating to allocation of 2G spectrum, conduct of Commonwealth Games , allotment of flats in Adarsh Housing Society and Devas-Antrix deal.

Hunter further said that the recent corruption cases have not dent the confidence of investors in India, adding that "Corruption is certainly not a specialty in which India will win the gold medal."

However, he said, domestic and foreign investors are concerned about the burdensome regulatory regime in India.

"Corruption is something that does deter investors much more in China. There is respect for Indian legal system," he said.

Hunter said the rating outlook for most Indian companies is stable for the current year.

India not as corrupt as China and Russia: Fitch - The Economic Times

 

[Paan Singh]

lolllllllllll

its hard to believe that nations can be more corrupt than india

 

[cross1993]

Corruption Perceptions Index:
China No. 78
India No. 87
Russia No. 154
Corruption Perceptions Index - Wikipedia, the free encyclopedia

 

[The HBS Guy]

Corruption Perceptions Index:
China No. 78
India No. 87
Russia No. 154
Corruption Perceptions Index - Wikipedia, the free encyclopedia

Different rating agencies, different ratings.

 

[Aramsogo]

Yes, Fitch also told you sub-prime California CDOs were AAA right before they downgraded it to CC. What a joke.

 

[tallboy123]

no country can be corrupted as our govt....
We have to kill this corrupt devil in india...

 

[The HBS Guy]

Yes, Fitch also told you sub-prime California CDOs were AAA right before they downgraded it to CC. What a joke.

lol watched 'Inside Job', didn't ya?

 

[Aramsogo]

lol watched 'Inside Job', didn't ya?

Yes, I did. I've also worked hedge funds in New York and London.

 

[The HBS Guy]

Yes, I did. I've also worked hedge funds in New York and London.

Good for you

 

[JanjaWeed]

India not as corrupt as China and Russia: Fitch
there you go.. one more reason for our netas & babus to do more corruption!!

 

[tallboy123]

maybe fitch has taken bribe from our govt to give this report...

 

[Bigoren]

no country can be corrupted as our govt....
We have to kill this corrupt devil in india...

Its very easy,just set the dead penalty for all involved in corruption.

 

[below_freezing]

Its very easy,just set the dead penalty for all involved in corruption.

Doesn't work that well for prevention but works great for preventing repeat offenders. We have new tools to beat corruption now, such as monitoring all officials with more than 1 immediate family member overseas and assets check of all 副处级 or above officials.

Corruption in China is still pretty bad but... just compare Swiss Bank accounts.

 

[tallboy123]

Its very easy,just set the dead penalty for all involved in corruption.

This is not North korea or saudi arabia or libya or any communist regime to take brutal decisions so easily....

and we use capital punishment very very very very very very very very very very very rare.................

 

[integra]

Corruption Perceptions Index:
China No. 78
India No. 87
Russia No. 154
Corruption Perceptions Index - Wikipedia, the free encyclopedia

Well looking at the map US and its forefathers are all blue while rest of the world is red. Cliche?