Bill Waite, Group Chief Executive Officer of The Risk Advisory Group said, «
High levels of corruption risk need not preclude a market from a company's expansion plans for 2017.
In no particular order these included: a dysfunctional bankruptcy framework; an immature domestic capital market; withholding taxes on foreign capital;
corruption (particularly at the state
level — the Modi government has made progress at the federal
level); policy and renegotiation
risks (a number
of legacy and
high profile tax eases are yet to be resolved); land acquisition costs (and legal
risks); and, the need for tax reforms.