Make in India and List in India

The concept paper  ‘Make  in   India  and  Li st   in   India ’  (an interesting extension of PM’s popular slogan 'Make in India' http://www.makeinindia.com/home ) makes the assumption that ‘ capital account convertibility’  may not happen  in   India  any time soon. Therefore, Indian citizens will not be able to buy global stocks very easily. The concept paper pursues an equitable logic i.e. Global Multinational Companies’ market value must be equitably distributed across nations  in  such a way that value derived out of a particular nation must be available to investing citizens of that nation. MNCs may like to perceive 'listing' as a kind of good Corporate Social Responsibility (CSR) activity. Currently, all market value is concentrated  in  New York Stock Exchange or NASDAQ or FTSE or DAX. This is unfair. All global MNCs prepare quarterly financial statements for the countries that it ...