FDI in retail - choice and consequences
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A brief background 2011 has been a very eventful year both for India and the UPA government. Obviously Anna Hazare's movement for the Lokpal Bill and the battle against corruption eclipsed other events. But beyond politics, the other big story is about India's economy that is already showing signs of a slowdown. High inflation, declining performance of key economic indicators including inflow of Foreign Direct Investment or FDI, reports of flight of capital coupled with a burgeoning fiscal deficit were enough to set the alarm bells ringing. To tackle inflation, the Reserve Bank of India aggressively raised interest rates thirteen times in nineteen months. Globally and locally, the forecasts for India's growth were revised downwards. The Indian economic story appeared to be fast losing steam and sheen. This was both paradoxical and ironical since after the global recession in 2008, there was a global hype....
UPA merely a post-poll opportunist arrangement
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India, the world's largest democracy, is currently in the midst of elections. In less than two weeks from now, on May 16, the final outcome and verdict of the people will be known. The BJP, as the principal Opposition party, has been spearheading the national debate and exposure on the list of failures of the Congress-led United Progressive Alliance. And so dismal has been the track record of the UPA government under the Prime Minister Dr Manmohan Singh, that today erstwhile allies like Mr Lalu Prasad, Mr Ram Vilas Paswan, Mr Mulayam Singh Yadav and even Mr Sharad Pawar, are all keeping their post-poll options open and shying away from accepting Dr Manmohan Singh as their prime ministerial candidate. The so-called 'United' Progressive Alliance has today clearly become a (Dis)United Progressive Alliance. So where has this government gone wrong? Let me broadly enumerate some of the principal failures....
More about Nalin Kohli
Nalin Kohli was the BJP's national media convenor. He was a prime-time English news anchor on Doordarshan and an independent producer and director of television programmes. A history graduate with a post-graduate diploma in management and law degree, Kohli is a fellow of many prestigious fellowships including the Eisenhower Fellowship, East West Centre, Salzburg Seminar and Malaysia International Visitor Programme.
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