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.
According to this year’s data by TRACE, 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, the data showed.
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.
The TRACE’s 2021 Bribery Risk Matrix said that over the past 10 years, the business bribery risk environment worsened significantly in countries that also experienced democratic backsliding like Egypt, Venezuela, Turkey, Poland and Hungary.
TRACE is an anti-bribery standard setting organisation that measures business bribery risk in 194 countries, territories, autonomous and semi-autonomous regions.
