India

Corruption in India could drive away foreign investors and hamper the country’s growth prospect, a consulting company said in a new report, which also showed that endemic corruption in the country has grown in scale to the tune of billions of dollars. More than two-thirds of the 100 leading foreign and local businesses surveyed by KMPG said corruption prevented the country’s economy from growing beyond the 9 percent forecast for the next fiscal year, while more than half said graft is likely to make India less attractive to investors, Reuters reports.