Ease Of  Doing Biz: 25% of UK businesses saw corruption as a major barrier in 2018

By Accommodation Times Bureau

MUMBAI:

The UK India Business Council Ease of Doing Business Report, released today, highlights that UK businesses’ perceptions of corruption as a barrier to operating in India have halved since 2015.

Based on an in-depth survey of businesses with a combined turnover of USD 122 billion, the report found only 25% of UK businesses saw corruption as a major barrier in 2018, as opposed to 51% in 2015. The drive to digitalise Government interactions was cited as a major factor behind this as it has led to reduced face-to-face interactions where corruption is most likely to take place.

Another key finding was that a remarkable 46% of UK Businesses responding had plans to expand their investments in India in the next 12 months. Moreover 25% of those responding intend to direct this new investment eastwards – seeking new opportunities in states such as West Bengal, Assam, Meghalaya and Manipur.





Similar Articles

Leave a Reply

Top