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