FDI in retail and the 21st century ‘drain of wealth’
In an address to the Congress parliamentary party on Dec. 8, Union Finance Minister Pranab Mukherjee lamented that the UPA coalition was forced to suspend the cabinet decision to allow 51% foreign direct investment in multi-brand retail (like Wal-Mart, Tesco, Carrefour and others) in order to avert a mid-term poll. … Read More