Letters: Firm up on FDI

This refers to your editorial “UPA-II wakes up”. The UPA government has finally taken some long-pending policy decisions. Though the Opposition and even some of the UPA allies are on warpath, the government must not retract on foreign direct investment (FDI) decisions. There is no other way to revive the country’s economy and restore investor confidence. Farmers and consumers have for long been fleeced by small traders, hoarders and middlemen.

The argument that FDI in multi-brand retail would eliminate small traders is misleading. Retail stores of big Indian business houses and of the Bharti-Walmart joint venture are already coexisting with kirana stores.

M C Joshi Lucknow

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