Here are some facts about India to decide how the country is progressing as a global power. Assess from these factors whether business ethics matter to India.
- In Forbes World Billionaires list Mukesh Ambani and Lakshmi Mittal are ranked fourth and fifth respectively, and there are over 50 billionaires in India.
- Forbes Powerful People list for 2010 has four Indians with Sonia Gandhi ranked 9th in the world.
- The Forbes Global 2000 list of 2010 is ranking world’s leading companies based on sales, profits, assets and market value. There are 58 Indian companies in the list with Reliance Industries ranked 126th and State Bank of India ranked 130th.
Ethisphere conducted two surveys. One list consists of 2010 World’s Most Ethical Companies and the other is of 2009’s 100 Most Influential People in Business Ethics. In both these lists I did not find a single Indian name!
The Corruption Perception Index 2010 issued by Transparency International shows India ranked 87th of the 178 countries listed. The score is 3.3 which comes under highly corrupt countries.
The question is can India become a global economic power when it is portraying such a dismal picture in business ethics?