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RIP, Swadeshi. Welcome Wal-Mart & India’s Death

By on Sep 11, 2012 in Wisdom | 2 comments

According to the latest reports, the Indian Government led by the Congress Party is all set to announce Foreign Direct Investment in the retail sector. Earlier, the government proposed 51% FDI, but now seems to have settled with 49%. What this essentially means is any foreign company will now be able to set-up their retail shop in India with 49% ownership of it. It was sad to see India dying a slow death but the government has now accelerated the process. We’ll soon see markets filled with American / Chinese / Japanese products which we’ll believe are of superior quality. In return, these companies will take hundreds of thousands of crores of rupees of wealth from India. The mathematics of death couldn’t be simpler. So wal-mart will come to India. It will buy the vegetables at their own rate ( farmers won’t have a choice anymore, thanks to Government’s...