India has fared better than China as well as Pakistan in a global list that measures business bribery risks of 2020.
The list compiled annually by TRACE, an anti-bribery standard-setting organisation, ranks 194 countries on the basis of four factors – business interactions with government, anti-bribery deterrence and enforcement, government and civil service transparency, and capacity for civil society oversight, including the role of the media.
In this year’s list, India has ranked 77th a spot better than last year, while China has ranked 126th. India’s other neighbor Pakistan has been ranked on 153rd position on the list of business bribery risks.
India has also fared better than Bangladesh and Nepal. The only neighbor, which has ranked better than India, is Bhutan, which has secured 48th rank on the list.
The top rankers on the list are Denmark, Norway, Finland, Sweden and New Zealand, while the bottom spots have been taken up by North Korea, Turkmenistan, South Sudan, Venezuela and Eritrea
Somalia moved out of the bottom ranking, which it held from 2017 to 2019, and is now ranked 187th out of 194.
The TRACE Bribery Risk Matrix said it 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, nuanced information about the risks of commercial bribery worldwide.
The 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, it said.