I think educated Indians have virtually given up on India.
Shashi Tharoor in his talk today at the Australia India Institute mentioned three key points regarding the opposition of Indians to FDI in retail.
He said that about 190 countries have FDI in retail (most of them 100 per cent).
The fact that India is opposing FDI in retail reflects:
a) vested interests (the kiryana stores lobby)
b) ignorance of Indians about economics, and
c) colonial hangover (fear that "every White man with a briefcase of money to invest is the thin edge of the gameplan to take over India").
He also cited extensive research. But there's no point my referring to any research. Reason simply doesn't work in India. Emotion rules.
That's proved by the continued rejection of FDI by Cdr. Khilari and others on Twitter.
Let me say this only now – that while I respect people's right to express their views, Cdr Khilari and others on my Twitter account are unfortunately badly ill-informed.
But so be it.
To me FDI is merely one of the MINOR reforms needed in India. I need to move on.
(Btw, I found myself in agreement with virtually every word that Tharoor said today. His views are therefore valid, even though I entirely disagree with his joining Congress – and some of his policy perspectives, e.g. the suggestion that India move to a presidential system).
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