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Sunday, January 1, 2023

FDI - Loss of precious foreing exchange a drain on economy

My Letter to Hon\ble Prime Minister of India on 29th August 2021

"Foreign direct "investment" is exactly what it says. "Investment" seeking returns and income. For every 100 million FDI the investor will take away 105-110 million back thereby decreasing value of rupee and increasing value of US dollar. FDI is counterproductive to national interest.

India must focus on transfer of technology not FDI.

Kapil Dev Aggarwal