Login With Google
Doing Business and Corruption
Why is it in the news?
- According to the latest edition of the U.K. India Business Council’s Ease of Doing Business report, corruption is no longer among top 3 hurdles in doing business in India.
- The first U.K. India Business Council’s Ease of Doing Business report was launched in 2015.
More in the news
- In the first report launched in 2015, the number of companies that viewed ‘corruption’ as a major barrier were about 51%.
- There has been a considerable year-on-year fall in the number of companies from 34% in 2016 to 25% in 2017.
- This decline shows a major improvement, indicating that the government’s efforts to mitigate corruption appear to be delivering results.
U.K. India Business Council
- The UK India Business Council (UKIBC) is the premier membership-led organisation supporting the promotion of trade, business and investment between the two countries.
- UKIBC plays an influential role in creating and sustaining an environment in which free-trade and investment flourishes.
- Through its insights, networks, policy advocacy, services and facilities, the UK India Business Council supports UK businesses to achieve success.
Source
The Hindu.