The following excerpt from the Who Benefits From FDI – India Or Collapsing Western European Economies? from the Foreign Countries Dictating India Series focuses on the background of India Inc. and its role as an intermediary between Government of India and bankrupt Western/European economies in rolling out FDI into India. As a case study it also demonstrates how Tata bailed out the British multinational automotive company Jaguar at the height of the 2008 economic crisis.
What is India Inc. & Why India Inc. wants FDI?
India Inc. is a loose term to designate who is who in Indian industrial sector, the heads of all leading industrial houses. All these industrial houses have two distinctions. First, they collectively owe corporate tax to the tune of lakhs of crores of rupees which makes them tax evaders. Second, most of them are named in 2G Scam as perpetrators of fraud. Yet with amazing clarity all of them approach our Prime Minister and Supreme Court asking a direction to get thems...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
