India has been ranked No. 6 in a survey of 38 countries on unethical business practices, with 80% of the respondents in the country saying bribery is widespread.
Interestingly, 66% of Indian respondents in the survey conducted by EY Fraud Investigation & Dispute Services, said bribes in the form of gifts or cash were acceptable to win business. A full 35% of the respondents said adhering to anti-bribery and anti-corruption policies would harm their competitiveness.
The survey of 3,800 employees in Europe, West Asia, Africa and India between December 2014 and January 2015 showed corruption is most rampant in emerging markets.
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