Indian bureaucracy is the worst in Asia with a 9.21 rating out of 10, according to a report by a prestigious consulting firm based in Singapore.
India fared worst than Vietnam (rated at 8.54), Indonesia (8.37), Philippines (7.57) and China (7.11), said the report released on Wednesday by Hong Kong-based Political & Economic Risk Consultancy Ltd.
Singapore remained the best with a rating of 2.25, followed by Hong Kong (3.53), Thailand (5.25) Taiwan (5.57), Japan (5.77), South Korea (5.87) and Malaysia (5.89).
The report said India’s inefficient bureaucracy was largely responsible for most of the biggest complaints that business executive have about the country.
The complaints included inadequate infrastructure and corruption, where officials were willing to accept under-the-table payments and companies were tempted to pay to overcome bureaucratic inertia and gain government favours, the report claimed.
The report also highlighted onerous and fickle tax, environmental and other regulations that could make business in India “so frustrating and expensive”.
12 Asian countries and their bureaucracy ratings (from worst to best).
- India (9.21)
- Vietnam (8.54)
- Indonesia (8.37)
- Philippines (7.57)
- China (7.11)
- Malaysia (5.89)
- South Korea (5.87)
- Japan (5.77)
- Taiwan (5.57)
- Thailand (5.25)
- Hong Kong (3.53)
- Singapore (2.25)
via Indian bureaucracy rated worst in Asia – World News – IBNLive.
