Did you know?
- An investigative report by The Wall Street Journal said Wal Mart had paid millions of dollars in bribes in India. But not to the biggies!
- Many of the payments were of small value, $5 to $200.
- That’s what it takes to do business in India. This is a problem for multinationals which end up having to report these bribes.
To make it easier to do business in India, the government needs to focus as much on stamping out petty corruption as it does on big-bang reforms.