People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)


No. 29

July 22, 2012


CPI(M) Lambasts Obama Statement


The Polit Bureau of the Communist Party of India (Marxist) issued the following statement on July 16, 2012.


THE Polit Bureau of the CPI(M) objects to the remarks made by President Obama that India open the doors to WalMart for retail trade and other American investments in India. The statement by Obama is a brazen attempt to pressurise the UPA government to adopt such steps as opening multibrand retail to FDI.


The Manmohan Singh government should not succumb to this pressure. The CPI(M) wants the government not to open up retail trade to foreign supermarket chains which will endanger the livelihoods of lakhs of small shopkeepers and traders.