Hysteria over FDI

There are times when I believe India deserves to be a poor country. This is one of them. You only need to examine the collective hysteria over FDI in retail to understand why. Every major political party, including allies of the government, has opposed it in such strong terms you would think that a whiff of Walmart is all it will take for the Indian economy to collapse. Anna Hazare, in his first attempt at formulating an economic idea, has warned that if foreign retailers are allowed 51 per cent investment in retail, they will ‘enslave’ India. And, there has been the usual noise from hypocritical Marxists who support Walmart in China but oppose it in India.

Read Full Story>>