Collapse of democracy, says Deepak Parekh about FDI battle
One of corporate India's most-respected leaders, Deepak Parekh, says the country is staring at "a collapse of democracy". Mr Parekh, who heads HDFC, said the government has shown courage in its decision to open up the retail sector to foreign ownership. That policy, cleared by the cabinet last week, has led to a paralysis of parliament, with the opposition demanding a vote.
