Credible India: Why India's Sweeping Anti-Corruption Reform Is Good For Business

India is a nation of opportunity for Canadian business. Although India is not one of Canada's top ten trading partners, trade in coal, business services, agricultural products, and the aerospace sector have all experienced significant growth in the recent past. The large population of Canadians of Indian heritage, the exchange of significant expatriate communities, a shared language, and an ever-increasing demand for natural resources will inevitably draw Canadian and Indian business interests closer together. India is the world's largest democracy and tenth largest economy by GDP. Despite this, India is renowned for the corruption risks of doing business there, and consequently is associated with high transaction costs and red tape. Existing anti-corruption legislation has been unable to keep corruption in check.