Bribery in India

Indian exporters are more willing to pay overseas bribes

The global anti-corruption watchdog Transparency International on Oct 3 released its worldwide report on bribery.

More than 11,000 business people in 125 countries were asked to share their perceptions of how companies headquartered in 30 of the world's leading exporting countries conduct their businesses overseas.

And the report says Indian exporters are more willing then their counterparts from other countries to pay overseas bribes in order to secure their business.

India comes across to be the most willing nation to give overseas bribes followed by China and Russia.

Even as India is considered an emerging economy and an emerging export power being placed in Transparency International in the organization's 2006 Bribe Payers Index list is surely not good news.

The worst list is topped by India followed by China, Russia, Turkey and Taiwan

And the least overseas bribe givers list includes Switzerland in the top position followed by Sweden, Australia, Austria and Canada.