FDI in Retail: Benefiting neoliberalism,
harming people

Sep 26th 2012, Subhanil Chowdhury

The decision of the UPA government to open up the retail sector in the country to FDI is an example of the basic fallacy in the 'growth fetishism' of the votaries of neo-liberalism. While the government argues that this move will generate investor confidence in the Indian economy and lead the country to high growth, in reality the problems of the common people - deprivation, poverty and hunger - far from being ameliorated, will actually be intensified.

* This article has originally been published in Pragoti, 26 September 2012.

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