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| BRITISH CROWN V/S UPA CROWN | | 
By Dr. Nirmal Kamal
“I want to take the country to the heights of prosperity as it existed prior to Independence. (mein desh ko unneti ke us shikhar par le jana chahta hoon jo azadi se pehle tha”, said Late Rajiv Gandhi in his last address to the Nation as Prime Minister. I was shocked and while lecturing on history of Indian Economy prior to Independence clarified to the students next morning that India was never a prosper country but it was surely a rich country (in terms of natural wealth) inhabited by poor. The country had abundant of natural wealth but this wealth was not utilized for the prosperity of the Nation. India was “sone ki chidhiya” but this chidhiya could never fly in sky prior to independence. There was flight of natural wealth from India to England but this poor “Bharat” remained backward.
Tragically today, India is in the hands of a coterie with their hearts shaped by upbringing either in England or America. Their hearts beat for anything which is foreign. The country had tasted rule by the Britishers but after independence Indian rulers had keen desire to taste Americanization. They could not avail the opportunity till the reforms of 90s. The reforms of 90s certainly brought opportunities in India. The globalization resulted in about top few Indians availing the chance to be renowned among the top few globally. Prosperity of corporate world was construed as prosperity of the country which still has about 40% population as poor or under BPL category. A country which had become global and now the same country which is going to be Americanized if left in the hands of Dr. Manmohan Singh and coterie as reportedly American pressure to adopt Foreign equity in Indian markets is mounting up on the ruling clan, certainly is reeling under another phase of slavery and this time this is America. The recent decision of Union Cabinet to introduce Foreign Direct Investment (FDI) upto to 100% in single brand and 51% multi brand in the retail market is nothing but high beats of American hearts of Indian Prime Minister Dr. Manmohan Singh and young icon Rahul Gandhi and other members of the brigade. They are not concern with Nation but their own vested interest only.
Remember on every National issue USA has always watched her own interest whether it was Kabul, Afghanistan or Pakistan. Relevantly US President Obama concerned about recession has directed his country to boost transactions in the local markets but at the same time US is more interested in capturing the retail market of India. By succumbing under the American pressure to allow FDI in retail market on the pretext that “this decision will benefit us a lot …this will help to bring latest technology to the agriculture sector, less wastage and more jobs help small farmers and eliminated middle man”, by Prime Minister Dr. Manmohan Singh is nothing but tilting of the economic facts. I am sure no economic expert will believe this myth. Long back in 1984 Dr. Manmohan Singh had very openly given his vent in favour of American capitalism in an article published in an edited book. As Prime Minister he is making his bias practical. Evidently, recalling “Nuclear Deal” decision on 22nd July, 2008 same UPA Government had garnered support on the assurance that when approved this “Nuclear Deal” will reduce inflation and power position improve will be improved. Contrary to the assurances, food inflation rose to double digits, power scenario, too, deteriorated and the common man was again cheated by the government. And now the same UPA government is trying to impress upon the common man by playing with their sentiments and their dreams that FDI in retail will bring latest technology, more jobs, produce quality products for the consumers at cheaper rates. Experience shows that in post reform period Indian markets are flooded with foreign cheap products not the quality products. Believing once bitten twice shy can this UPA be trusted? No way.
The arguments being given in favour of foreign equity explicit more political expediency rather than wisdom coming from experts on the subject is rightly observed by many economic thinkers. The arguments given by Commerce Minister and even prime minister can be easily refuted with the counter arguments.
The country has seen two centuries of slavery under the British crown and if foreign equity is allowed this will destroy the local small trader and this will certainly be reeling the country under the domination of USA. Just couple of weeks back some top businessmen of the country had openly announced that investment in India is impossible amid ongoing movement against corruption and thereby it is better to invest abroad. This perhaps was also a factor compelling the government to allowance FDI in retail market. The corporate world in India has already taken the country and its government under its grip and now the retail market which is the dominion of small traders will bring the country fully under the control of big capitalists pushing the issues of common man’s concern such as corruption, price-rise, black-money to the back seat.
Rajiv Gandhi’s dream to take the country to the heights of prosperity (say gulami) is being fulfilled by the UPA crown.
(The author is Professor of Economic & BJP State Spokesperson)
(Opinions expressed in write-ups/articles/Letters are the sole responsibility of the authors and they may not represent the Scoop News)
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