Risks ahead for India Inc: Corruption, bribery, more

Written by FE Online | New Delhi | Updated: Mar 22 2014, 20:40pm hrs
Bribery'Corruption, bribery and corporate frauds' tops among the risks that affect Corporate India.
The 'India Risk Survey (IRS) 2014' of FICCI-Pinkerton said the top five risks that affect Corporate India are 'corruption, bribery and corporate frauds', strikes, closures & unrest, political & governance instability, crime and information & cyber insecurity.

However, there are some variations in perception of risks in some industries due to the typical nature of work.

Corruption, bribery and corporate frauds was ranked at No. 4 in 2013 survey. Strikes, closures and unrest has been rated as No. 2 risk and continue to command serious concern from corporate India. In the 2013 survey, it was ranked as No. 1.

Political and governance instability ranks No. 3 as political uncertainty surrounds the forthcoming general elections.

Overall risk ranking:

India Inc risks

The Top three risks in each industrial sectors:

India Inc risks sactor-wise