Today afternoon, I am leaving Chicago for the SF Bay area. My travels, which began on 11th October, are almost over. Saturday I will drive to Los Angeles and return on Monday Dec 5th. That is when I will finally be home. It’s been a very very long journey and I am aching to be back in Santa Clara. Happy travels to me!
When one is talking about anything that has to do with economics, I think it is best to use a bit of common sense and to stick to the basics. Recently, the government has moved to allow up to 51 percent foreign direct investment in “multi-brand” retail in India (and single brand retail is allowed 100 percent FDI.) Some people (and some parties such as the BJP) oppose FDI in retail. The question whether FDI in retail is good or not is being hotly debated. The debate is pointless because it takes only a few minutes to get to the heart of the matter. Here’s my take on the matter.