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Jaitley on FDI in retail: Governance involves responsibility and continuity

The Finance Minister's comment on FDI in multi-brand retail is more nuanced than his statement on the issue on Friday

Finance Minister Arun Jaitley on Saturday suggested the National Democratic Alliance (NDA) government would continue with the United Progressive Alliance (UPA) regime’s policy of allowing foreign direct investment (FDI) in multi-brand retail, just as it had pursued India-US nuclear cooperation when in power, despite opposing it in 2008. In a pronounced signal from the government on FDI in multi-brand retail, Jaitley said the Bharatiya Janata Party (BJP) opposed FDI in this sector but governance involved elements of “responsibility” and “continuity”. ...