27 January 2017 Current Affairs: India has been ranked 79th out of 176 countries in the recently released Corruption Perception Index (CPI) for the year 2016 by the Berlin-based corruption watchdog Transparency International (TI). The index has been complied by using World Bank data, the World Economic Forum (WEF) and other institutions It ranks countries on the score in the scale ranging from 0 (highly corrupt) to 100 (very clean).
Top 10 Countries: New Zealand and Denmark in joint first place (with a score of 90), followed by Finland (3rd), Sweden (4th), Switzerland (5th), Norway (6th), Singapore (7th), Netherlands (8th), Canada (9th) and Germany (10th).
Counties bottom of the index: Somalia was ranked the most corrupt country. Other countries with lower rankings were Syria, South Sudan, North Korea, Afghanistan, and Iraq.]
In this edition of list, India, China and Brazil with a score of 40 each figured in the 10 key economies in the mid-range. Over two-thirds of the 176 countries in this year’s index fall below the midpoint of the scale of 0 to very clean of index.
The global average score is 43, indicating endemic corruption in a country’s public sector. In this edition of list, India has marginally improved its ranking index for 2016 by two points from 38 score in 2015. India’s condition showed growth with inequality.
India’s ongoing poor performance with a score of 40 reiterates the state’s inability to effectively deal with petty corruption and large-scale corruption scandals. Regionally, South Asia had performed poorly. Bangladesh at 27th and Nepal at 29th positions were slotted in the highly corrupt section.