"Two exceptions remain. The Judiciary and the Internet."
One more exception: multinational corporation have a huge role to play when it comes to politics, elections and bribe higher ministry officials. Also, multinational corporations are funding NGOs, madarsa, supporting anti national activities , exploiting country's resources and manpower.
To start with we have to think about exchange rate parity. Why advantage of cheaper rupees in comparison to USD , hence the cheap products, cheap manpower should be passed on to developed nations? In the name of free trade, opening the boundaries I.e. Removing import , export duties these multinational organisations have kept the control over the world economy.
Corruption in developing countries is the natural outcome of adverse foreign trade, interference of multinational corporations and other institutions in Indian politics , particularly funding of the congress party and later Aam admi party. Continuous diplomatic efforts of developed nations to instigate wars , funding terrorists and destabilising forces, and supporting anti national militants organisations like SIMI, Bodo , naxals etc.
Top of all this is cultural invasion and systematic breaking the joint family system and cottage industry , the backbone of Indian society. Mass production , industries have created the unprecedented disparities in incomes, class divide and regional imbalances. Indian economists , Niti ayog has yet to learn that foreign products must be discouraged and indigenous industries, in particular Argo based industries must be promoted.
India must be insulated from outside influence, and that is the key to strengthening the value system and eroding corruption as more than black money, FDI constitutes the major chunk of Indian economy and outflow of money out of India , money stacked in the foreign banks is , corruption in its ugliest form -actually equivalent to selling country.
https://en.m.wikipedia.org/wiki/Foreign_direct_investment_in_India
Government route: Prior approval by government is needed via this route. The application needs to be made through Foreign Investment Facilitation Portal, which will facilitate single window clearance of FDI application under Approval Route. The application will be forwarded to the respective ministries which will act on the application as per the standard operating procedure.[8] Foreign Investment Promotion Board (FIPB) w which was the responsible agency to oversee this route was abolished on May 24, 2017. It held its last meeting on 17th April, which was the 245th meeting of the Board[7][9]
Government initiatives Edit
The Government of India has amended FDI policy to increase FDI inflow. In 2014, the government increased foreign investment upper limit from 26% to 49% in insurance sector. It also launched Make in India initiative in September 2014 under which FDI policy for 25 sectors was liberalised further.[10][11] As of April 2015, FDI inflow in India increased by 48% since the launch of "Make in India" initiative.[12]
India was ranking 15th in the world in 2013 in terms of FDI inflow, it rose up to 9th position in 2014[13][unreliable source?] while in 2015 India became top destination for foreign direct investment.[3]
https://en.m.wikipedia.org/wiki/Foreign_direct_investment_in_India
Government route: Prior approval by government is needed via this route. The application needs to be made through Foreign Investment Facilitation Portal, which will facilitate single window clearance of FDI application under Approval Route. The application will be forwarded to the respective ministries which will act on the application as per the standard operating procedure.[8] Foreign Investment Promotion Board (FIPB) w which was the responsible agency to oversee this route was abolished on May 24, 2017. It held its last meeting on 17th April, which was the 245th meeting of the Board[7][9]
Government initiatives Edit
The Government of India has amended FDI policy to increase FDI inflow. In 2014, the government increased foreign investment upper limit from 26% to 49% in insurance sector. It also launched Make in India initiative in September 2014 under which FDI policy for 25 sectors was liberalised further.[10][11] As of April 2015, FDI inflow in India increased by 48% since the launch of "Make in India" initiative.[12]
India was ranking 15th in the world in 2013 in terms of FDI inflow, it rose up to 9th position in 2014[13][unreliable source?] while in 2015 India became top destination for foreign direct investment.[3]
https://medium.com/indian-thoughts/something-interesting-is-happening-in-indian-politics-and-its-not-right-wing-nationalism-1a775dbf6ffe
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