Deary deary me.
You have effectively proven what I have been saying.
FDI – Foreign Direct Investment is THE major monetary source for economic development in India, so the West is pumping money into India, PURLEY based on market size, which is 1.3 Billion People! This is a huge market cap, even if every Indian spent $10, just in one sector, you are talking TRILLIONs. This goes back to what I have been saying, the West is only investing in India due to market size, NOT due to the quality of love of India as Indians would like to think. There is no pat on the back, there is no approval from the West, it’s just about the Benjamins! Which part are you not understanding?
To pour money into India via FDI, it’s either via the Reserve Bank of India, or more commonly, GOI approval. THIS is where the West grease the GOI, by bolstering the perception of India in western media so GOI approvals can be passed. If the West kept India where it should be by revealing the reality of India, the West will lose out on the chance to invest in India at the behest of GOI rejection. IN return, Western companies allow Indian companies like Tata to invest in the West. Which part do you not understand?
It’s classic capitalism, you scratch my back I scratch yours. Remove FDI, and India does not have a leg to stand on. India exports bits and pieces, but the primary export is CHEAP LABOUR. Take away FDI, and India is back to the early 90s (about the time when FDI was introduced by Manmohan Singh), when Indian exports were a joke, because let’s face it, no individual in their right mind would by 3rd rate pharmaceuticals, chemicals, or textiles from India, or Cars, or Computers manufactured in India. Which part do you not understand?
As for Market Cap, get a grip. Population determines market cap. Pakistan has about 14% population that of India, and where you compare the GDP between the 2 countries, Pakistan is also around 14% that of the Indian GDP. Penny dropped yet? Indian isn’t special. It’s all down to the size of the population. Which part do you not understand?
So this all goes back to what I have been saying, no one in the West cares about India, only care about money, thus the perception of India in the Western media is all about patting India on the back and flattering Indians with false praise because the West is tapping into 1.3 Billion for the sake of money. Exploitation. Which part do you not understand?
As for RCOM, RCOM was a big player before his brother offered FREE 4G Sims via Jio. RCOM is proof what happens in the absence of FDI. The real reason why RCOM is in the dumps is because RCOM was unable to make payments on its bonds and the banks went in. His brother’s move only compounded the misery. If that was not enough RCOM’s reputation around the world in the guise of Flag, is a joke. No one wants to deal with companies in India! The quality is poor, and professionalism is non-existent, the only benefit is cheap labour – this was the relevance. Even Vodafone plans to merge with Idea to pare debt.
As for the companies in India, they are laying off engineers in the masses. 150000 of them!
https://telecom.economictimes.india...may-soon-lose-jobs-in-telecom-sector/60960591
https://economictimes.indiatimes.co...ut-jobs-in-2017/aircel/slideshow/57575334.cms
https://www.thequint.com/news/india/reliance-communications-rcom-forced-resignation-of-workers
So, in essence, Indians may believe they are special because the West praise India and bolster their significance, but it's all a front, because if tomorrow Pakistan had a population of 2 Billion, then India would be left for dust.
Best!