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 only make investment where there are chances of maximum profit which means that the cost given to farmers will be kept as minimum if they will be sourcing from India (which is itself a doubt). So, rather than inflow of currency, it will be an outflow of currency from India.
“Any country cannot make progress by depending on others”
 I think this would be agreed by all and if it is true than it is imperative that Indian businesses prosper. Now, even Tata’s Chairman Ratan Tata has hinted that India’s policy is not favourable for investment which has led them to look for markets outside India. It’s an oxymoron that government is looking for investment from foreign countries and Indian businesses are looking for investment to foreign countries. Another point that has led to FDI in retail is that they will bring better storage of goods which gives a sign to the world that India is incapable of storing its goods that gives a negative impact about India to the world.
Finally, Indian people now have two choices to help India prosper or to make foreign retail chains prosper at the cost of India. The choice is yours.

Comments

Post a Comment

Popular posts from this blog

Freshers entering in corporate world

Welcome to the new series of blogs that i would be starting. So, today we will start to look at how the graduates should start preparing to enter in corporate world. So after about 15 to 16 years of formal education, students would be entering a new phase of their lives and should be excited as they would also starting to learn and earn to take up new challenges on the way. So, the first step is to take up a lot of interviews before company hires you and it is the most challenging and nerve wracking experience the first time you take it. Lets take up that challenge. So, lets start the process of preparing for the interviews. First thing is start preparing on notes, some of company details like what is company core business, where are they located, what is domain for their business and job description for profile. Later on start preparing your cv and be aware of whats written on it. Be sure that its neatly presented and contact details like email and phone number is at top. On the in
Read more

At your own pace

As a typical person who travels by local train in mumbai to work daily, people would be knowing the frentic pace at which the things move on stations and in train. At the epicentre is the dadar station which is the heart of local trains in mumbai which acts as crossover between western and central mumbai. It attracts about a million people daily including the people travelling in long distance trains. People have no time to halt as they are busy looking to catch another train. Stopping and waiting for 5 minutes looks like an hour with things happening in fast forward. Any outsider from any other part of the world would be awestruck by the sheer pace of the city. And the trains give the perfect example of pace  where people are fighting for every inch of space in local trains to go to their respective destination. Once you start the journey you just want to get off to your station quickly as possible during the peak hours as for once you may lose your patience to stay in the train the
Read more