India Inc has been placed at the bottom of a list of emerging economies in terms of transparency, in a study by McKinsey.
A survey of 188 companies from the emerging markets of India, Malaysia, Mexico, South Korea, Taiwan and Turkey gave India 58 points out of 100, while Malaysia topped the list with 81 points. The criteria of transparency in each of these companies were disclosure and auditing.
The report also revealed in emerging markets, companies which adopted strict corporate-governance practices were rewarded by institutional investors.
The report stated:
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