East India company came to India , started a factory , asked for more concessions and then took over the country. America is nothing but west India company. Indians would be twice born fools to get into perpetual economic slavery after fighting for independence from british.Indeed, the surprising thing is how protectionist India is about allowing foreign goods and services, EXCEPT on the critically important topic of military procurements!
But to give credit, things appear to be moving in the right direction.
Indian companies certainly need competition and that should come from countries like japan, korea which dont have any ulterior agenda or motives.