While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK.
In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in 2009-10 to $1,870 million in 2010-11. - Is this facilitated by Swiss Bank black money ?
While we are happy and proud about Indians investing in foreign soil, we are jitter about others investing in India. Some times, these apprehensions are valid and sometimes misplaced
The estimated number running in the news papers, related to swiss banks was 7Lakh crores. Against that a number like $ 2000 million looks pathetically small.