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Tuesday, July 17, 2012

''Obama raises storm in Indian teacup''

From Indian Punchline
MK Bhadrakumar

''The unprecedented remarks by the United States President Barack Obama in a media interview suggesting how the Indian leadership should run the country’s economy in the optimal interests of the partnership between the two countries raised a storm in the Indian teacup. Government ministers, opposition politicians and India’s business circles expressed indignation

But the Indian government has been put on the defensive at a juncture when it is gearing up to do precisely some of those things that Obama advised — especially, opening up the $430 billion retail sector to American multinationals such as Wal-Mart. In addition to facing criticism over neo-liberal policies, the government now has to dispel the impression (rightly or wrongly) that its economic policies are dictated from Washington.''

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