`India not as corrupt as China, Russia'

India is not as corrupt as China and Russia, according to the global credit rating agency Fitch. The country, however, suffers from excessive regula tion and tax laws, which is concern for foreign investors, Fitch group managing director for corporate rating Richard Hunter said. “We will certainly rank India well below Russia and China when it comes to concerns about corruption.Really big concern about India is regulation and tax treatment,“ he said.