-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
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FDI in retail: To empower dalits, do away with India’s antiquated retail trading system-Chandra Bhan Prasad and Milind Kamble
-The Economic Times A couple of months ago, the UPA government cleared Foreign Direct Investment (FDI) in retail. It is a politically risky step. But for once, Prime Minister Manmohan Singh showed both spine and spunk biting the bullet. Since then, both Left parties and the BJP have expressed serious reservations over the decision. The general view is that it will affect the lakhs of small, indigenous kirana stores spread across...
More »Are genetically modified crops finally on their way out of India?-Darryl D’Monte
-First Post Predictably, the recommendation by an experts’ panel appointed by the Supreme Court - that trials of genetically modified (GM) crops should be halted for 10 years – has stirred a hornet’s nest. Such a moratorium would include ongoing trials and the court rejected it. This follows on the heels of the Parliamentary Standing Committee on Agriculture’s 492-page report published in August which asked for the banning of GM food crops...
More »Slum dwellers contribute 3-3.5% of Bangalore's economy-Mahesh Kulkarni
-The Business Standard A study has found that the poor households earned a total of Rs 1,545 cr, spent a total of Rs 1,185 cr, and contributed a savings of Rs 360 cr to the city in 2011 Urban poor living in slums of Bangalore contribute 3-3.5 per cent of the City’s economy. About 9-11 per cent of the city’s population that lives in slums contribute between Rs 1,643 crore to Rs...
More »Politics aside, is Gujarat a great growth story?-Bibek Debroy
-The Economic Times A new book by Bibek Debroy on Gujarat looks at how this much-talked about state has performed in economic terms. The author argues history, luck and administrative clarity have been the determining factors. There has been a discernible pickup in Gujarat's growth performance since the 10th Plan (2002-07), the five-year Plans being natural periods for breaking up the timeline. It's tempting to argue that there is nothing exceptional in...
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