Telecom 2nd most corruption-prone Sector in India

NEW DELHI: Telecommmunications, under limelight in recent months due to the 2G scam, has been voted as the second most corruption-prone sector in India after real estate and construction, according to a survey by KPMG. The survey, covering corporate India, also found that a huge majority of corporates believe India can surpass an annual growth rate of over 9 per cent if corruption is controlled, while self-critically admitting that private sector is greatly responsible for bribery and nepotism.

The survey is based on responses from 100 Indian and multi-national corporations operating in the country in diverse areas, including transportation and logistics, aviation, oil and gas, consumer goods, financial services, auto and chemicals. As per the final results, 32 per cent of the respondents named real estate and construction sector as most prone to corruption .

In second place came telecommunications , which was named by 17 per cent respondents as the most corruption prone sector in India. The telecom sector has been in spotlight due to the 2G scam in which many top industry players have been embroiled.