Finding the way to attract the public, government of India decided to allow 51% of FDI in multi-brand retail. This decision led to a new debate is FDI the only solution left with the govt., though FDI has a beneficiary side too which our UPA govt. is highlighting, but the truth does not lie with that face only.
The main question arises that is the Indian market ready for these giants to hold the market where 70% of Indians do not even earn more than Rs. 20 a day.
Indian retail market is worth 500 bn $ approx. , so these foreign investors are for FDI to be passes in India. Barack Obama also started seeking his own profit and urging that India should allow the foreign investors to invest in India. With this again a question arises that - why the domestic players are not investing in their own market ?
Commerce Minister Anand Sharma said that " It will produce around one crore jobs in next five years " , but he forgot that if FDI enters than the middle man, the small traders and the people owning mom & pop or kirana stores would be badly affected which directly and indirectly are 20 crore approx. So, we an say to bring 1 crore jobs in next 5 years, approx 20 crore lives have been put on stake. This part of the coin was continuously neglected by the govt., which are committing that they would not be harmed.
Farmers are committing suicides, rich people are becoming more richer and if FDI in retail comes to India than initially the senerio will not going to change, no consumer and farmer will get the benefit.
So govt. is hiding its own duties and responsibilities behind the name of FDI.
The main question arises that is the Indian market ready for these giants to hold the market where 70% of Indians do not even earn more than Rs. 20 a day.
Indian retail market is worth 500 bn $ approx. , so these foreign investors are for FDI to be passes in India. Barack Obama also started seeking his own profit and urging that India should allow the foreign investors to invest in India. With this again a question arises that - why the domestic players are not investing in their own market ?
Commerce Minister Anand Sharma said that " It will produce around one crore jobs in next five years " , but he forgot that if FDI enters than the middle man, the small traders and the people owning mom & pop or kirana stores would be badly affected which directly and indirectly are 20 crore approx. So, we an say to bring 1 crore jobs in next 5 years, approx 20 crore lives have been put on stake. This part of the coin was continuously neglected by the govt., which are committing that they would not be harmed.
Farmers are committing suicides, rich people are becoming more richer and if FDI in retail comes to India than initially the senerio will not going to change, no consumer and farmer will get the benefit.
