Reforms do not mean just FDI and FII

Description

Whether it is the Pink business papers or Economic experts on TV, the word reform immediately evokes talk of allowing Wal-Mart in retail or increasing the limit for foreign capital in insurance from 26 percent to 50 percent. We have reached a pathetic situation where reforms are equated to FDI and FII only. This shows our mindset which is connected with umbilical cord to London and Washington. Our policy formulators are also US trained and reflect the thinking of the US corporations. If someone says that reforms are far more needed at lower levels then he is painted as Swadeshi left or worse socialist. Actually our economic policy formulation has been hijacked rootless wonders trained in investment banks or think tanks of Europe/USA. Read more at: https://rvaidya2000.com/2011/12/09/reforms-do-not-mean-just-fdi-and-fii/

Publication Date

9-12-2011

Publication Title

Swarajya; Centre Right India

Publisher

Swarajya

Keywords

Foreign direct investment, FDI, Industrial policy, Foreign investments, Investments

Source Link URL

https://swarajyamag.com/commentary/reforms-do-not-mean-just-fdi-and-fii-2

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