As it happens, the finance director of a huge British multinational, Vodafone, recently wrote a letter to journalists explaining why it paid no UK corporation tax in 2011-12.

BBC: Is government too scared of Google, Amazon and Starbucks?

Furthermore, industry alliances and working groups can be strengthened or established in order to develop and promote best practices among investors, multinational buyers, and other actors in the smallholder finance ecosystem.

FORBES: Catalyzing Smallholder Agricultural Finance

But as more big Indian firms become multinational companies, it will be harder for politicians to resist the demands for a freer flow of finance.

ECONOMIST: India is caught in two minds about financial globalisation