FDI in Retail: Boon or Bane
As Indian Parliament has passed its verdict for FDI in Rajya Sabha and Lok Sabha, the Indian people are left amazed at how political parties that were opposing FDI have either not voted or have voted for the government. The popular opinion among the Indian public was against the FDI as government could not solve doubts relating to FDI of common people. There are also doubts that this will lead to foreign control of our economy. The government has defended its move by stating that it will help India as there will be investment from foreign retail chains. But, if that is the case then why has there been no real attempt to bring back black money, since they also have names of people that have their money stashed outside India. Also, the fact that these retail chains will generate jobs is also flawed as it will be market based and if there is a case of recession, they might as well cut jobs. They are not non-profit organization that will make investment and not make profit. They will o