If any things that the left has done to Indian poor during the last five years the following are.
- “The Left prevented at least four initiatives which, we think, were very important in protecting our country from complete devastation. One, we blocked the capital convertibility of the rupee that they wanted. Second, permission to foreign banks to raise their equity in Indian private banks and to have directors in proportion to that equity. If that had happened, with the foreign banks collapsing, many of our Indians banks would have gone down the same road. Third, preventing privatisation of pension funds. And lastly, ensuring that FDI caps in insurance were not raised. These steps provided strength to the economy.
- Once you allow FDI (in retail), millions of people will lose their jobs. And we said that no FDI can come to
that will reduce jobs”. India