India’s global ranking in favouritism shown by government officials to powerful corporates has bettered sharply from 94th in the last year to 49th place this year. The Rank nevertheless, still remains far below other key economies. As per a yearly study by the World Economic Forum (WEF), India’s ranking has also bettered notably in terms of public trust in politicians.
Qatar ranked 1st and is followed by New Zealand, Singapore, Finland, UAE, the Netherlands, Japan, Norway, Sweden and Switzerland in top 10.
The study says, moreover, India has bettered its position with respect to diversion of public funds and uneven payments and bribery at government institutions. In the BRICS block, India’s position is superior than that of Russia (87th), South Africa (104th) and Brazil (108th). But, it rests far below that of China (22nd).