Madhav Gadgil on Foreign Direct Investment (FDI)

At Loksatta Idea Exchange event Madhav Gadgil said, I’m no expert on FDI but I can tell you that FDI doesn’t benefit any country; these investors are exploiting us. The Germans told me how they invest in India and make 25 to 35 per cent profit, while with the same investment they barely make two to three per cent in Germany. That is because we allow exploitation of labour, of environment, and so on. He describes how developed countries should send the worst polluting industries to less developed countries.