Only 44% trust government in India

Poush Krushna Navami, Kaliyug Varsha 5112

In India only 44 percent trust government, according to the 2011 Edelman Trust Barometer findings.

Seventy percent in India trust business to do what is right, while only 44 trust government to do what is right, this trust and credibility survey points out.

India’s composite scoring came out to be higher than Russia, United Kingdom, USA, Germany, France, Japan, South Korea, and Canada; while lower than Brazil, China, and Mexico. Technology is still the highest trusted industry in India. Half of the people in India trust media to do what is right.

Trust in global companies headquartered in India has increased. Indian-based companies enjoyed a widespread increase in trust, shooting up by 17 points in Brazil, 15  points in Indonesia, and 13 points in each Japan, Singapore, and the United Arab Emirates. Trust in US-based multinationals moved up by 16 percent in India.

Indo-American statesman Rajan Zed, in a statement in Nevada (USA) today, congratulated India’s business and companies for increase in trust/credibility.

Zed, who is Chairperson of Indo-American Leadership Confederation, further said although India was on track to become a global power, but her new prosperity had remained evasive for many. Despite economic miracle, many Indians still lived in desperate poverty. Inequalities in opportunities blocked poor people from participating in the growth process and they remained trapped in vicious cycle of poverty. It was blight on a country, which prided herself on having joined the league of hottest growth economies.

Rajan Zed urged India to wake up and deal with her monumental poverty crisis at an emergency level. He also appealed to India’s billionaires/millionaires, who had enormously benefited from India’s economic growth, to pledge some of their wealth to charitable causes aimed at poverty eradication.

Overall globally, according to Edelman Trust Barometer findings, trust in business and government showed marked resilience, while trust plunged in the USA, banks stuck at the bottom of   industry rankings, CEO credibility jumped, and skepticism increased. In key Western nations, approximately one-quarter say they need to hear something six or more times to believe it.

The most important corporate reputation factors remain quality products, trust, transparency, and employee welfare, while a company’s financial performance is tied at the bottom of ten factors.   Sixty-one percent globally say that government must regulate corporate activity to ensure business is behaving responsibly. Search engines rank number one as the place people go first for information about a company, followed by online news sources and print/broadcast media.  Traditional news, in one form or another, rank as the most trusted sources in major markets, Barometer found out.

Trust in most industries is up globally.  Technology remains in the number one spot for the third straight year, followed by automotive and telecommunications. Financial services is the least trusted sector globally (50 percent), with banks as the second-least trusted.

The 2011 Edelman Trust Barometer, produced by its research firm Strategy One, is the firm’s 11th annual trust and credibility survey. Edelman, headquartered in USA, claims to be the world’s largest independent public relations firm, with wholly-owned offices in 53 cities worldwide. In India, it has offices in Bangalore, Gurgaon, and Mumbai. Daniel J. Edelman is Chairman while Richard Edelman is CEO.