Connect with us

India

Indian bureaucracy worst in Asia, Singapore best and Thailand in 3rd

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.

Boris Sullivan

Published

on

corruption Thailand

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.

Loading...

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).

corruption Thailand

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).

  1. India (9.21)
  2. Vietnam (8.54)
  3. Indonesia (8.37)
  4. Philippines (7.57)
  5. China (7.11)
  6. Malaysia (5.89)
  7. South Korea (5.87)
  8. Japan (5.77)
  9. Taiwan (5.57)
  10. Thailand (5.25)
  11. Hong Kong (3.53)
  12. Singapore (2.25)

via Indian bureaucracy rated worst in Asia – World News – IBNLive.

Comments

Asean

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.

Avatar

Published

on

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on Friday, followed by the 17th ASEAN-India Economic Ministers Consultations on August 29.

Loading...
(more…)

Continue Reading

India

RCEP trade deal hits snag over India’s demand

The 16 Asian and Oceanian countries involved in the regionwide RCEP trade deal have decided to delay the conclusion of that deal until next year.

Olivier Languepin

Published

on

RCEP negotiations hit a snag as India has grown wary of an expected influx of goods from China, with which the South Asian country runs a massive trade deficit.

Loading...
(more…)

Continue Reading

India

Thailand woos Southeast Asian tourists with shopping campaign

The programme called “Give Me Five” is set to increase shopping among tourists from Cambodia, Laos, Myanmar and Vietnam (CLMV) along with Indonesia, Malaysia and India.

Boris Sullivan

Published

on

The Tourism Authority of Thailand (TAT) has launched a new marketing campaign with the hope of luring 200,000 visitors from seven growing markets in Asia.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,078 other subscribers

Latest

Trending