The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
December - 2007 - issue > In Focus
38 percent of global firms asked to pay bribes in India
si Team
According to the PwC 2007 Global Economic Crime Survey, among the seven major emerging economies of the world, India is ahead of Turkey, Mexico and China.
“The Indian companies and government should be concerned about the perception of global firms regarding corrupt environment in India as it would affect the flow of foreign investment and cost of raising funds by India Inc,” said Ashwani Puri, the firm’s Advisory Leader.
Russia, Indonesia and Brazil were, however, ahead of India in terms of corporate corruption, where about half of the surveyed firms reported they had been asked to pay bribes.
Of those firms which had to contend with bribery in India, 66 percent said they lost the opportunity to their competitors because of this factor.
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