A global survey of corporate corruption has found that 40% of businesses were asked to pay bribes to secure licenses and contracts in India.
Russia, Indonesia and Brazil led India in corporate corruption, according to the 4th Global Economic Crime Survey published by PriceWaterhouseCooper.
The survey found that a third of businesses in India reported losing opportunities to competitors who paid bribes. A third of Indian companies surveyed also said they had been victims of economic frauds like asset misappropriation, accounting fraud, money laundering, etc.
Country
Percentage of companies asked to pay a bribe
Percentage of companies that lost business to a competitor who paid abribe
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