Corruption has not stalled India Inc progress: World Bank paper

  • 04/12/2005

  • Financial Express (New Delhi)

Contrary to general perception, corruption has not prevented a high rate of growth for Indian firms. Compared to other sectors, firms in the small and medium enterprise (SME) sector are the worst sufferers of this problem as the legal protection is weak, according to a World Bank Policy Research Working Paper titled "Financing Firms in India'.