Rajiv Kumar, vice-chairman of Niti Aayog, said the other day that he didn’t worry much about who owned a company so long as it added to Indian economic activity and created jobs in India. Kumar was promptly challenged by the Swadeshi Jagran Manch, which has a nationalist worldview. It is an important issue, and worth exploring. Consider two examples: Jaguar Land Rover (JLR) and Maruti Suzuki.
The first was bought by Tata for $2.5 billion. The company’s factories are in England and China. The generous R&D budget is spent in the UK. Indians buy hardly any of the half-million ...
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First Published: Fri, June 08 2018. 17:42 IST
