New Delhi: India stands as the fifth most corrupt economy in Asia, says an international survey which also found that Philippines is the Asia's most corrupt economy.
Singapore (1.20) and Hong Kong (1.87) were seen as the cleanest economies, among the 13 Asian economies while China, Indonesia and Vietnam posted improvements, said the Hong Kong-based Political and Economic Risk Consultancy (PERC) on Tuesday.
In a grading system with zero as the best possible score and 10 the worst Phillipines got 9.40, worsening sharply from its grade of 7.8 last year. India, though improved its score from 6.76 last year to 6.67 this year, was in the fifth in the ranking among 13 Asian economies.
PERC said the Indian government must accelerate reforms, warning that corruption can limit companies' expansion plans
With PTI inputs
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