Sky lord
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Agreed. I think the issue in a democracy is that these global companies lobby with the government and the previous government was especially corrupt. I think they similarly sold air space rights to gulf airlines against the best interests of Indian airlines.Actually I agree with Mr. Bansal, CEO of Flipkart on this issue. We need global funds, but not their companies in e-commerce. I mean, Amazon, Alibaba and others developed in their own countries first and later used that money to invest in other countries. China made tight regulatory measures to ensure foreign companies were unable to start e-commerce in their country.
Now if we want to have an Indian dominating company among the world, we should have let Flipkart and Snapdeal emerge first in India using foreign funds, and they could have taken on Amazon or Ali baba anywhere around the world. Now Flipkart and Snapdeal are suffering, and I dont think for now they can become a global player.
America is a technology leader so they tend to develop ahead of others without competition and China is totalitarian.
Hooefully the debate is on in India. Fingers crossed.