Article;
Chidambaram advocates FDI in multi-brand retail
But it is more important to bring Food Security bill than to attract FDI in multi brand retail. Both are aimed at controlling inflation by removing supply side bottlenecks for food. The demerit of FDI in multi brand retail is that it makes us dependent on foreign capital inflows. I agree that FDI's are long-term investments but food-security is in our own hands and we are delaying its transmission to higher growth rate because high food prices are stopping us in from lowering interest rates…
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