FDI In Retail: Blame BJP Or Government?
No surprise in the stand by the Economist: Let Walmart in
A chunk of the blame lies with the main opposition party, the BJP. A decade ago it favoured economic opening, even of retailing, and celebrated India’s capitalist boom. Now it is a shoddy outfit, blocking change purely to weaken the government and discounting the national interest with even more zeal than the Beast of Bentonville discounts tomatoes.
But this is also a mess of the government’s making...The complacent belief that a double-digit growth rate is India’s birthright appears to have taken hold. Had the government consistently made the case for reform—and acted boldly on issues from land reform to subsidies—it might not be so bullied today.
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