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Originally posted by Delhite

I think with FDI, in short term, the inflation may stop or may reduce but in long term, it will create deficit similar to what happened to USA. The big players will import goods and food products from cheap sources like China to make quick profit. The current generation will leave deficit and debt for the next one. It is a new form of economical slavery. The next world war will not be fought by weapons but by currency.

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Someone has commented this about MMS:

"MMS - you are an educated curse to India"

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He who has not acquired one of the following: religious merit (dharma), wealth (artha), satisfaction of desires (kama), or liberation (moksa) is repeatedly born to die

Indian government backtracks, suspends plan to let in foreign big-box retailers like Wal-Mart


http://ca.finance.yahoo.com/news/indian-government-backtracks-suspends-plan-121248771.html

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Do not trust fox (MMS). His single point agenda has been to ruin India. Now that they have bribed Mamta with Rs. 9,000 crore package for West Bengal (Guess Mamta's share would be whopping 60% which is the benchmark after 2G scandal), she would fall in line in a couple of months. MMS, then would pass FDI. ALL that Congi Rascals have done during last 8 years is selling off India piece by piece and that kind of foreign money has fueled artificial prosperity, which in turn has raised land prices all over India. Result should be obvious to anyone who has visited India during last five years. Farmers have sold their land at astronomical prices and most of them do not know how to handle the money which goes on to buy "luxury items" like foreign cars, TV sets, foreign travel etc. and lavish marriage and dowry!.

India has become a bankrupt nation under MMS. They have just not realized it, like Greece. I am sure many of the CDs and MMS followers would attack me on this aspect. However, I request that first please examine India's trade deficit for last 50 years (Kangress rule, mainly) and how the deficit has been hidden by selling PSU shares, commercial borrowing by private companies (which eventually has to be returned) and govt(Fed as well as state) borrowing from foreign countries .

Except for a brief stint of Narsimha Rao and Vajpayee, India's record has been abysmal.

One can write hundreds of pages on worrying trade deficit of India. I would end this with one nice example. A couple of years back I had a HEATED argument with a person whom I respect immensely for his knowledge and the kind of help he has been extending to ALL new immigrants. I told him that HDFC bank and HDFC are NOT Indian companies and he did not believe me till I showed him that majority of shares in both these companies are owned by FII.

In the end, if one is blinded by greed to the extent of MMS/SONIA, then nation would certainly have disaster. The moment one recognizes that CHINA is the biggest threat to Indian sovereignty, then there is no scope for FDI which is nothing but selling India to China.

I have not seen any change in MMS's life style right from the days when he was teaching till his PM-ship , I am not sure where he is stashing the money and what he is doing with it and what he will do in future? he is already 70 plus. His dependents are also on moderate means.

About his policies , One taza example is this topic itself, when he agreed for FDI , people started ranting abt him being getting a cut, Now when under pressure and against his will he has halted it still he is being blamed ! . Indians have habit of blaming, right from the parents, neighbours till the president , they will blame forgetting the good things done to them by the subject. Few years back we were ga-ga abt his economic policies.

I am sure, I was born in country where fickle minded people reside. Should I be proud of it ?

logon ne to Gandhi ko nahi chchoda jo nangaa rehtaa ththaaa aur bakri kaa dhoodh pita ththaa !!

All reforms need not be for the better, from whatever experience we have gained from the new age private sector banks, private telephone cos or the courier cos., which were supposed to give better service compared to public sector banks, BSNL or our dear old post man of the P&T, respectively.
There is neither good service which they were supposed to give nor the good relationships which we enjoyed with the latter.

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