India Uncut

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Friday, September 02, 2005

The third wave of the middle class

Speaking out in favour of retail FDI, Nandan Nilekani writes:
Over a decade ago, we did some far-reaching things that put the sparkle back in the eyes of our educated urban youngsters. What right do we have to deny to the millions of kids growing up today, the same opportunity in our fields, factories and stores? The only way not to let them down is to create the supply chain pipes that will connect our farms and factories to the consumers of the world. For that we need 100 per cent foreign direct investment in the Indian retail sector. There is not a minute to lose.
Read his full piece. Good stuff.

Cross-posted on The Indian Economy Blog.
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