HONG KONG/LONDON: India has the most transparent companies while Chinese firms are the most opaque, according to a Tran-arency International survey.
The survey, released by the Tra-spar-ncy International on Monday, covered 100 companies in 15 emerging market countries that also included Brazil, Mexico and Russia.
India led the way, with all 19 of its companies in the study achieving a score of 75 percent of more in being open about their company structures and holdings which was attributed to the country's Companies Act.
The study found Chinese companies fared worst, with an average score of 1.6 out of 10 in the tests, due to having weak or non-existent anti-corruption policies and procedures.
Majority of Indian firms are CHEATERS of the first order! That is what four decades of my career discloses!
India is ahead of China on many counts, not only in technology and industry.
not surprising, since their firms are painted fully in red, so that nothing can be visible
Siba Prasad Parija
No doubt Chinese are cheaters and fake products to market. But we Indians are crazy buying China products on value basis. Ban the product for import.
favourable report to India
The credit goes to Indian Companies Act
Many exporter/importer have stopped dealing with China mainly because China lacs ''Business ethics"
Overpopulation has harmed both nations
Chinese are habitually very confidential people, they don''t reveal anything, chupa rustums.
So now we know the secret of their success. Indian companies may also have to learn to be opaque in order to be COMPETITIVE.
I fail to understand how China is Selling it''s Products. IS EU &AMERICA ACCEPTING IT''s Opaqueness. By the way India too is a dumping Ground for Cheap Chinese Electronic goods & Mobiles .What a Joke .We Give Money to china to purchase sticks to beat us ??????
Then why India lags behind China and we were told we were a decade back of China
In progress and we were asked to compete by the RBI chief?
China you will soon see what fair competition means. We will beat you in every sphere. ...democratically!
Let modi work for 10 yrs...India will be no 01
but chinese companies growth path is much higher due to this opaqueness
it shows that India is emerging power in the world......... & china is downgrading.........