V.R. Krishna Iyer, retired judge in the Supreme Court, in The Hindu:
“There should be a 10-year moratorium on any new foreign investment and any import of luxury items. No more should we have the bankrupting impact of foreign business. We must restrict the profit-grabbing car factories and the insatiably frantic buyers so as to sustain our economic self-reliance and solvency as a critically democratic mandate. Our neo-colonial financial globalism is a source of grave danger, great disaster and grim despair….
“India should abolish or minimise all avoidable expenditure, including the expensive perquisites of heads of state, ministers, judges and legislators. Alcoholism during festivals, celebrations and flashy functions should be banned. All five-star establishments, public and private, should be abolished. Fair but moderate prices for boarding and lodging should be fixed. Limits should be placed on feasts, rents and travel fares. Consumer extravagance and showy expenditure should be banned on a war footing.”
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