Quote in The Times of India today:
‘Sources also expressed surprise at the fact that the minister’s statement to both Houses of Parliament did not mention that 30% of sourcing from micro and small enterprises could be from anywhere in the world and not India specific’.
Clearly , it is not something that the Government Officials can author ? The billion dollar question is ‘ Did Wal-Mart Executives write this FDI in retail document ?
Earlier , we all learned that Niira Radia decided the telecom minister port folio, and led the biggest scan in India’s history. Now is Wal-Mart scripting this biggest sell-off of India through FDI in retail ? We all fought the war of independence to stop the economic exploitation from the British Raj, are we not going back to pre-1947 days by privatizing the 350 billion dollar retail industry ? 10’s of billions of dollars would leave Indian economy for foreign shores once retail giants step in . Finally , we will have less money chasing more goods – Simple economics definition means ‘High Inflation’.
Congress leadership needs to answer this question ?