India in global bribery risk ranking
GS Paper - 3 (Economy)
India has slipped to 82nd position in 2021, five places down from 77th rank last year, in a global list that measures business bribery risks. The list by TRACE, an anti-bribery standard setting organisation, measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.
According to this year's data
- North Korea, Turkmenistan, Venezuela and Eritrea pose the highest commercial bribery risk, while Denmark, Norway, Finland, Sweden and New Zealand present the lowest.
- In 2020, India ranked 77 with a score of 45, while this year, the country stood at 82nd position with a score of 44.
- This score is based on four factors -- business interactions with the government, anti-bribery deterrence and enforcement, government and civil service transparency, and capacity for civil society oversight which includes the role of the media.
- India fared better than its neighbours - Pakistan, China, Nepal and Bangladesh. Bhutan, meanwhile, secured 62nd rank.
- The TRACE's 2021 Bribery Risk Matrix, said over the past 10 years, the business bribery risk environment worsened significantly in countries that also experienced democratic backsliding: Egypt, Venezuela, Turkey, Poland and Hungary.
- The TRACE Bribery Risk Matrix measures the likelihood of bribe demands in 194 jurisdictions.
- It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of commercial bribery worldwide.
- The TRACE Bribery Risk Matrix aggregates relevant data obtained from leading public interest and international organisations, including the United Nations, World Bank, V-Dem Institute at the University of Gothenburg and World Economic Forum.
- This data helps companies to assess the likely risk of bribe demands in each country and to design compliance and due diligence programs tailored to that risk.