Re: Stiglitz Opposes India FDI Modifications, Walmart Admits Knowledge of Bribes

India has a history of corruption steeped deep in our mind. Thus even inflow of FDI needed for the
development of the country is subjected to corruption. In this rising inflationary era if Walmart brings down prices due to its capacity of bulk buying what seems to problem? It will be a boon to the lower middle class and increase their saving capacity. This certainly will fill the coffers of the government through indirect taxes which can be used for nation building. That’s where the influx of Foreign Direct Investment will have the greatest effect. As for bribe taking both the demander and giver are equal. But then again no businessman gives bribes unless demanded. We need FDI. Period. All upright citizens should shake of this demonic plague of corruption and make India the hotspot of FDI.