FDI : Why this Kolaveri di?
by Meenakshi Chaudhary
Foreign Direct Investment(FDI) in the retail sector has become the burning issue among the parliamentarians and aam aadmi. The UPA government's decision of 51% FDI in the multi -brand retail has made the MP's furious as Uma Bharti, Mayawati,A.K. Antony,Jairam Ramesh strongly opposes the decision by considering it as unfavorable for small dealers,brokers,'mom and pop stores'
The issue has been emerged as a cabinet split as the Commerce minister Anand Sharma, Finance minister Pranab Mukherjee and Home minister P.Chidambaram are firmly supporting the division by stating that India is allowing only 51% FDI unlike other countries which allow 100% FDI but still the business of 'mom and pop stores' operates effectively and as far as Indian economy
is concerned the global retail giants like Walmart,Tesco, Carrefor will be allowed to open stores only on cities with the population base of minimum 10 lakhs so that there can be enough scope for everyone's survival.
However,the barbaric arguments by the parliamentarians are frivolous as they are opposing FDI by considering it a threat to the economy instead of weighing it's actual consequences.FDI will allow 5000 crore investment in Indian retail sector which in turn will open atleast 1 crore employment opportunities in urban and sub-urban areas.The farmers will also get better prices for their agricultural produce.They can store the excess of farm produce and sell it at the better prices in the close proximity.On the other hand,consumers will also get all the required products at deep discounts.The relaxation in norms for foreign direct investment will benefit not only business but also to farmers and consumers.The opposition of decision in parliament is the major hurdle in the extension of liberalization in the Indian economy.
The opponents should weigh the 'prons and cons ' of the UPA government's decision instead of making frivolous statements.They are expressing only their personal choices by representing the aam aadmi in isolation to their common interests.Today's commoners are well informed and aware
regarding the impact of each and every parliamentary session on their daily lives.No one will desire that the notion of creation of huge employment opportunities, availability of products at deep discounts and less farm produce waste alongwith higher price for agricultural produce will go in haste due to personalized self-woven notion of some opposing parliamentarians.Government should push this revolutionary move pragmatically for the upgradation of Indian retail sector which in turn will boast up the Indian economic scenario.
by Meenakshi Chaudhary
Foreign Direct Investment(FDI) in the retail sector has become the burning issue among the parliamentarians and aam aadmi. The UPA government's decision of 51% FDI in the multi -brand retail has made the MP's furious as Uma Bharti, Mayawati,A.K. Antony,Jairam Ramesh strongly opposes the decision by considering it as unfavorable for small dealers,brokers,'mom and pop stores'
The issue has been emerged as a cabinet split as the Commerce minister Anand Sharma, Finance minister Pranab Mukherjee and Home minister P.Chidambaram are firmly supporting the division by stating that India is allowing only 51% FDI unlike other countries which allow 100% FDI but still the business of 'mom and pop stores' operates effectively and as far as Indian economy
is concerned the global retail giants like Walmart,Tesco, Carrefor will be allowed to open stores only on cities with the population base of minimum 10 lakhs so that there can be enough scope for everyone's survival.
However,the barbaric arguments by the parliamentarians are frivolous as they are opposing FDI by considering it a threat to the economy instead of weighing it's actual consequences.FDI will allow 5000 crore investment in Indian retail sector which in turn will open atleast 1 crore employment opportunities in urban and sub-urban areas.The farmers will also get better prices for their agricultural produce.They can store the excess of farm produce and sell it at the better prices in the close proximity.On the other hand,consumers will also get all the required products at deep discounts.The relaxation in norms for foreign direct investment will benefit not only business but also to farmers and consumers.The opposition of decision in parliament is the major hurdle in the extension of liberalization in the Indian economy.
The opponents should weigh the 'prons and cons ' of the UPA government's decision instead of making frivolous statements.They are expressing only their personal choices by representing the aam aadmi in isolation to their common interests.Today's commoners are well informed and aware
regarding the impact of each and every parliamentary session on their daily lives.No one will desire that the notion of creation of huge employment opportunities, availability of products at deep discounts and less farm produce waste alongwith higher price for agricultural produce will go in haste due to personalized self-woven notion of some opposing parliamentarians.Government should push this revolutionary move pragmatically for the upgradation of Indian retail sector which in turn will boast up the Indian economic scenario.