Corruption Perceptions Index Report for 2024

In 2024, India ranked 96 out of 180 countries in the Corruption Perceptions Index (CPI). This was a decline from its previous rank of 93 in 2023. The CPI measures perceived levels of public sector corruption based on expert assessments and business opinions. The scale ranges from zero, indicating high corruption, to 100, indicating a very clean public sector. India’s score fell to 38, down from 39 in 2023 and 40 in 2022.

Global Context of Corruption

• The CPI report for 2024 revealed that corruption remains a widespread issue across the globe.
• While some countries have made progress in reducing corruption since 2012, many others have stagnated or worsened.
• The global average score remains at 43, with over two-thirds of countries scoring below 50.
• This indicates a persistent problem that affects billions of people worldwide.

Impact on Climate Action

• Corruption poses threat to climate action.
• It obstructs efforts to reduce greenhouse gas emissions and adapt to climate change.
• Funds meant for climate initiatives are often misused or stolen, undermining the effectiveness of these programs.
• The report marks that protecting climate efforts from corruption is essential for meaningful progress.

Comparison with Neighbouring Countries

• India’s ranking is notably better than some of its neighbours.
• Pakistan ranks 135, Sri Lanka is at 121, and Bangladesh falls further behind at 149.
• China, on the other hand, is ranked 76.

Leading Countries in the CPI

• Denmark, Finland, and Singapore topped the CPI list as the least corrupt nations in 2024.
• These countries have established robust systems to prevent corruption.
• Their high scores reflect effective governance and transparency, setting a benchmark for others.

The Role of Financial Hubs

• Countries with high CPI scores often have the resources to lead global anti-corruption efforts.
• However, many of these nations also host financial hubs that attract illicit funds.
• This complicates the global fight against corruption, as dirty money can fuel environmental degradation and other crimes.

The Need for Global Action

The report emphasises that combating corruption should be a long-term priority for the international community. Addressing corruption is crucial to promoting democracy, stability, and human rights. Concrete actions are necessary to tackle the dangerous trends brought into light in the CPI.

Month: Current Affairs - February, 2025

Category: Reports & Indexes Current Affairs