Vodafone case has cost India a lot. It is time to accept defeat and move on

It cost us more in prestige than we could hope to win and this award ends a decade-old saga that tarnished India's reputation among foreign investors

Strong states grow stronger by putting limits on their own power; weak states become weaker by descending into arbitrariness. India has to choose which it wants to be. 

That’s the message being given to New Delhi by an international arbitration tribunal in The Hague. The panel threw out the Indian government’s $3 billion tax demand against Vodafone Group Plc, finding it to be in breach of fair treatment under the country’s bilateral investment protection pact with the Netherlands, and awarded costs to the British telco.

This ends a decade-old saga that tarnished India’s reputation among foreign investors. Rather than appealing