New Delhi, March 06: India is not as corrupt as China and Russia, according to the global credit rating agency Fitch.
The country, however, suffers from excessive regulation and tax laws, which is concern for foreign investors, Fitch Group Managing Director for Corporate Rating Richard Hunter told PTI in an interview.
“We will certainly rank India well below Russia and China when it comes to concerns about corruption. Really big concern about India is regulation and tax treatment,” he said.
These comments come at a time when the nation is facing a plethora of corruption cases relating to allocation of 2G spectrum, conduct of Commonwealth Games, allotment of flats in Adarsh Housing Society and Devas-Antrix deal.
—–PTI