Business Today readers share their feedback on the magazine's coverage

Business Today readers share their feedback on the magazine's coverage -

Balancing Act Needed

There is a need for India to perform a fine balancing act between seeking foreign investment and protecting the country's economic sovereignty (The New Face of Swadeshi, July 6). The same people who once said no to foreign technology are now talking about 100 per cent FDI in defence. This reflects the attitudinal change they have undergone. Excessive imports of manufactured goods and a slide in domestic factory output run completely contrary to the swadeshi model of economics, based on the concept of self-reliance. We destroy manufacturing sectors by allowing imports. Production capacity needs to be maintained, and questions such as what should be produced, for whom and how much, must be answered. Let the producers and the ultimate consumers benefit and let no one exploit either. - T.V. Jayaprakash, Palakkad

Stepping Towards Swadeshi Movement

Your cover story has given a glimpse into Modi government's economic policy. But who needs FDI, when there is enough money for investment in India itself? Our tax laws are faulty, which encourage hoarding of black money. Instead of seeking FDI, it is better to create an atmosphere congenial to industry with minimum red tape, corruption and sensible laws. Gandhiji's Swadeshi movement helped make economic progress without attracting foreign help. But this is possible only if the present government so desires. - Mahesh Kapasi, New Delhi

Very Optimistic

The New Face of Swadeshi was an optimistic write-up. No doubt Prime Minister Narendra Modi has a complicated task on hand, but it is manageable for a visionary leader like him. Every Indian expects the government to kick-start the engine of growth and drive its momentum year on year. So, the efficiency of the government will be seen in how well it protects the small Indian businessman by offering business-friendly policies to build a mighty nation. - K. Muthuraman, Chennai

Move to Tame Inflation

Your magazine has explained very well how the government and the RBI will have to work together to tame inflation (It's Time to Sync, July 6). The Indian economy is growing at a faster rate than many other nations in the world. One reason for inflation is that there is too much money in circulation, and demand is much more than the supply, which leads to hoarding and black marketing. In the long run everyone suffers, but the worst-affected are the middle classes. - MK, Through e-mail

Modi government should focus on fiscal consolidation, tackling inflation: Pre-Budget panel.
>> Even a systematic investment plan will not be able to bring down the inflation. - Breeksmenon Menon

BlackBerry launches Z3 at Rs 15,990 in India.
>> With a price tag of Rs 16,000, it would be a daunting task for BB to capture the Indian market. - Balaji Parsewar

India's power sector faces $27 billion in annual losses: World Bank
>> Nice timing to start talking about these reports... probably Team Modi has a strong belief in the stupidity of the masses! -Vivek Pandey