India fifth-most corrupt Asian economy: survey

India fifth-most corrupt Asian economy: survey
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First Published: Tue, Mar 13 2007. 04 02 PM IST
Updated: Tue, Mar 13 2007. 04 02 PM IST
By AFP
Singapore: The Philippines is perceived as Asia’s most corrupt while India as fifth corrupt economy by foreign businessmen according to a survey that also found countries were failing properly to tackle corruption.
Singapore (1.20) and Hong Kong (1.87) were seen as the cleanest economies, among the 13 Asian economies while China, Indonesia and Vietnam posted improvements, the Hong Kong-based Political and Economic Risk Consultancy (PERC) said today in a summary made available to AFP.
In a grading system with zero as the best possible score and 10 the worst. The Phillipines got 9.40, worsening sharply from its grade of 7.8 last year. India, though improved its score from 6.76 last year to 6.67 this year, was in the fifth in the ranking among 13 Asian economies.
PERC said the Indian government must accelerate reforms, warning that corruption can limit companies’ expansion plans.
Perception of corruption in Thailand worsened, with the military junta now in power after last September’s coup seen as little better than the government it ousted.
“The Philippines has the distinction of being perceived in the worst light this year,” PERC said after polling 1,476 expatriate business executives in 13 countries and territories across the region in January and February.
PERC, which provides advice to private firms and governments, said it had not noted a worsening in the actual situation in the Philippines despite its deteriorating score.
Thailand and Indonesia, both on a grade of 8.03, shared the spot as Asia’s second most corrupt nations. Thailand’s image worsened slightly on last year while Indonesia’s score was better.
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First Published: Tue, Mar 13 2007. 04 02 PM IST
More Topics: Economy and Politics | Indicators |