Economics professor ( Manmohan ) failed to make India Self Reliant economically. Does any one in India know what purpose FDI serves to Indian Economy? Why India runs after FDI? The FDI, which is in the form of Dollors, is used for debt servicing by the Government. This itself shows that the Economic professor ( Manmohan ) failed to make India Self Reliant economically.
It is the total failure of the PM to manage Indian Finances. Now he has become dependent on the Foreign predators to fill coffers of the Treasury. Please note that this situation prevails in an Economist PM. Despite the fact that Indian government collects Taxes highest in the World.
And, FDI will not dole out Technology to India. India is getting Enslaved in disguise for another 2 decades under Patent Laws.
And, it is true that prices will come down first with the entry of foreign traders. But, Once, the local petty traders are eliminated, commodity prices in the big retailers' shops eventually go up. This happened when Coca Cola reentered into India.
Hail India which is a Rudderless Boat!
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