A country that can export new technology goods can easily raise its market share in the world trade. What is needed are different polices based on an alternative strategy of swadeshi. Swadeshi and economic reform follow from different paradigms. Their differences lie in all spheres. Swadeshi promotes personal character, family and community.
Economic reform induce corruption and individualism.
Within the narrow sphere of the economy, swadeshi helps to curb consumerism so that savings-income ratio goes up while at the same time it promotes exports. In fact this is what the countries in the Far East have done. By this second criterion, the Enron energy deal and the Enron-Reliance oil deal are uneconomic and therefore unswadeshi. Thus, within the narrow sphere of foreign investments, there is a major difference between the government's economic reforms and the alternative policy of swadeshi. One can no doubt question if FDI will be available under these conditions.