Trade and Commerce of India is the Commerce of the World said Peter The Great of Russia 3 centuries back.
Adam Smith wrote that ‘The discovery of America and Cape route to India’ were the two greatest and most important events in history of mankind. Peter the Great, of Russia exclaimed at the dawn of 18th Century, ‘The commerce of India is the commerce of the world and he who controls it is the dictator of Europe.
And in 1760 a lady in London was fined 200 Pounds for possessing an Indian made Kerchief. That was the glory and greatness of India and it’s commanding trade with the world in the past.
Now, we must deal in business like manner without falling prey to the multi-national corporations ( MNC ). The Government must stop going in the Lemming’s way in opening Indian markets and in dealing with Dunkel proposals.
A comprehensive plan should be made on-our-own, appraising the probable capital and technology inflow and capital outgo due to the opening up of India.
And the policy makers should first recognize the inherent potential that Indians possess. Emphasis should be to compete in global markets with goods manufactured based on Indian technology.
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