Corruption Perception Index of India
India scored 40 points out of 100 on the 2020 corruption perceptions index, a decrease of one point when compared with the previous year (2019). Between 2010-2020, the corruption perception index of India increased by seven points.
Within the corruption perception index of 2020, India performs below average when compared to other countries. India's index score has increased from a low of 33 in 2010 to a high of 40 in 2020.
The causes of corruption in India include excessive regulations, complicated tax and licensing systems, monopoly of government-controlled institutions on certain goods and services delivery, and the lack of transparent laws and processes. According to Transparency International research, more than 62% of Indians paid bribes to public officials at some point or another.
Outlook on Corruption Perception Index
The Corruption Perceptions Index (CPI), is an index that ranks countries around the world, based on how corrupt their public sectors are perceived to be. Results are presented on a scale of 0 to 100, with 0 being highly corrupt and 100 representing extremely noncorrupt.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are among the major countries with the lowest levels of corruption worldwide. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Countries with the highest levels of corruption worldwide include Somalia and South Sudan with a score of 12 out of 100 in 2020.
Key Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The political and economic environment has a major impact on the corruption phenomena and is also affected by the monetary policy.
Level of GDP:
It has been demonstrated that nations with relatively low GDP per capita levels typically have higher levels of corruption. Other than that, early developing nations often have lower corruption ratings.
Country Size:
Due to the difficulty in policing public officials in dispersed places, countries with a low population density and large geographic areas are more susceptible to corruption.
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