ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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How Do We Protect Our Genetic Resources

creditors and their political backers to bend the Deve Gowda government lo their will. Foreign investment, direct and portfolio, on a scale for outstripping anything that the Narasimha Rao government could achieve, is indeed portentous for the Indian economy and polity. Ironically, however, the Communist Party leader, Inderjeet Gupta, recently noted, as he waited to be inducted as a union minister, it India did not get "this amount of funds [$ 10 bn a year, the target for DFl set in the MCP], where will you find resources lor development". This mindset of helpless dependence on foreign capital for development, side-tracking domestic resource mobilisation and domestic agents of growth, mocks at the protestations of self- reliance and mass welfare.

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