India most open economy to FDI
Economy | Information | History | Online | Facts | World | Global | Money
‘DD News’ is the News Channel of India's Public Service Broadcaster 'Prasar Bharati'. DD News has been successfully discharging its responsibility to give balanced, fair and accurate news without sensationalizing as well as by carrying different shades of opinion. Follow DD News on Twitter (English): https://twitter.com/ddnewslive Twitter (Hindi):https://twitter.com/DDNewsHindi Face Book: https://www.facebook.com/DDNews Visit DD News Website (English): www.ddinews.gov.in Visit DD News Website (Hindi): http://ddinews.gov.in/Hindi/
Comments
-
It is not Pro reform but desperation for seeking FDI or one could call it surrender as the govt is not stopping the leakages, freebies, NPAs, cronyism by separate states, corporate/politician/bankers mix-up, so the govt is unable to generate funds from selling family silver, assets or by stopping leakages. It means that govt has to open up more and more for attracting FDI. So, rather than opening up for domestic players and letting them grow over the years before opening it for foreigners, in a rush to develop fast, it's surrender to these foreigners. So, India is getting stitched up permanently. It will bring up some jobs, taxation, consumption, gdp but money will be leaving Indian shores year on year and will not be used to start another entity or two in India unless another soft spot becomes available for exploitation. So, nothing much will happen to disparity of masses unless these jobs are located in rural areas. Even if these are going to be located there, unless there are subsidiaries developed as well out of domestic industry, the benefits to reach poor will be far less. Visibility of today 's actions could only be seen 5 to 10 years from now.
3m 35sLenght
9Rating