The remarks made by President Obama that India open the doors to Wal-Mart for retail trade and other American investments in India sparked off a new controversy. The statement by Obama is a brazen attempt to pressurize the UPA government to adopt such steps as opening multibrand retail to FDI.
Obama’s Remarks Objectionable
The Manmohan Singh government should not succumb to this pressure. Major sections of Indian public opinion want the government not to open up retail trade to foreign supermarket chains which will endanger the livelihoods of lakhs of small shopkeepers and traders.