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That Narendra Modi's nationalism is no different from Adolf Hitler's is a fact. This is why Mastercard told the United States government in June that Indian Prime Minister was using nationalism to promote the use of a domestic payments network, and New Delhi's protectionist policies were hurting foreign payment companies.
Mode has in recent years backed India's homegrown payments network "RuPay", whose rise has broken the dominance of US payment giants such as Mastercard and Visa.
In free market economy you don't arouse people's sentiments; and you don't seek refuge in the shelter of 'nationalism'. The world economies particularly the US', must take note of India's economic belligerence.

Copyright Business Recorder, 2018

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