FDI is not an enemy, it is a necessity

We need foreign investors’ money to fund our spending to the tune of 4% of GDP. We need them now, when India looks increasingly tattered compared to alternative investment opportunities, not five years from now when growth recovers Even as the world becomes more competitive, India’s star has dimmed in the last few months, as our governance is besmirched by corruption scandals and our macroeconomic health has deteriorated. Alarm bells should sound when domestic industry no longer wants to invest in India, even while eagerly investing abroad.

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