What will become of FDI? At this point as the government and opposition parties go into an all party meet chaired by Prime Minister Manmohan Singh, it is impossible to tell. The Congress has found itself increasingly abandoned in the centre of a storm, with not only the opposition but its own allies raising a storm of protest on FDI. The BJP has vowed that it will not settle for anything less than a complete rollback of the policy, and have said that they will not let parliament function otherwise.
At the moment the government has taken a tough stance saying that there is no chance of a rollback. To do so at this point in any case would cause a massive loss of face for the government both domestically as well as on the international stage. However given the fact that they just don’t have the numbers at present, the question is whether the Congress, in a bid to stop losing face will lose the whole government!
Will the All party meet yield some breakthrough? Only time can tell.
Listen to an audio analysis of the FDI situation at present: