Points to remember before you participate in this discussion:
|Saurabh said: (Jun 28, 2016)|
|In my point of view, FDI should not be given as much support and favour in the retail sector because competing for foreign companies to our Indian markets is not an easy task they have super high technology in various sector and they can easily flourish and gain revenue from us. It is right that they have given us jobs over a period of time but remember that they are using our brain to create further advancement in their business if we use that idea for our Indian market we can flourish. Meanwhile, it is good also we can take technology and ideas from them to become more independent in coming decades after all we should support the initiative of 'make in India' so that our Indian markets can flourish further.
|Nilesh said: (Jun 23, 2016)|
|If FDI comes in India in retail sector small business man will die and what they will do they have compulsory go to job and FDI will enjoy our money like as past we became gulam in our country.
When congress has favouring FDI that time BJP has opposed of FDI I know that time and at in election campaign also BJP say we will not bring FDI any time and at present, they have permitted its wrong for our Indian people.
|Ravi Srivastva said: (Jun 23, 2016)|
I am Ravi.
I will present my views in support of FDI in retail.
Firstly, I think agriculture sector in India is over employed as 60-65% people are dependent on it and it contributes only 14-15% to GDP if FDI is allowed in retail it will bring in new technology which will require lesser manpower the remaining manpower can be utilised in any other sector. One may say that it will increase unemployment but over employment is a hidden form of unemployment with skill India programme of Indian government these people can be imparted with skills that can be useful for both economy and these people.
Secondly, these new firms with pockets full of money can buy crop directly from the farmer which will eradicate the problem of mediators who are harassing the farmers for years.
Thirdly talking about the small retailers who are threatened because of competition, if the foreign firms don't come in the market there are Indian firms too. For example, if Amazon doesn't start Amazon fresh store here Flipkart or snap deal will start it. If there will be Walmart there is big bazaar too. So there is no point in fearing from the competition, it is inevitable. They have to learn how to fight these big stores.
|Medikonda. Avinash said: (May 9, 2016)|
FDI is good for India. FDI means cross the boarder investment made by a resistor in one economy in an enterprises in another economy, with the objective of establishing a lasting interest in the investe economy. Fdi need for India because the domestic capital is inadequate for the purpose of economic growth. And also we have scare productive factors like technical know when comparing developed countries. In my opinion the major benefits of fdi investment in India. Like as,
1. Improves forex position of the country.
2. Employment generation and increase in production.
3. Help in capital formation by bringing fresh capital.
4. Helps in increase exports.
5. Increase tax revenue.
6. Benefits of former.
7. Benefits of consumers.
8. New technology is developed And also long term cash liquidity.
9. Reduce the cost of production.
In 2016 the commerce and industry minister Mr. Nirmala sitharaman, fdi equity inflow received through automatic route in 2016 100% fdi to be allowed in food products produced and market in Indian so I accept to fdi is Bone in India.
Thank you my dear friends.
|Paul George said: (May 6, 2016)|
In my opinion, FDI is good. It gives support to our economy. It opens the gate for employment. We will receive quality products.
Coming to the local market I think its good for them as well. Once the competition is high they will be forced to improve the quality of the products adapt to the situation. Once they are up to the international standards they can expand their products to other countries as well. Hence India should implement FDI and accept it as an opportunity to improve.
|Narip said: (Mar 26, 2016)|
I am fully against FDI because it's making us salesman, not a business man. Development of the country will be possible when Indian money is in the hand of honest Indian people. These big outer companies are in India not for making India but to dominate India and seeking Indian money. FDI will make us servant of foreigners again. India will be developed at a speedy rate when new business is started by Indians, not by foreigners. When a small or middle-class person starts a business it will give the job to 4-5 person depending on Indian sources, not on foreign loans. This big Walmart and cash and carry stores are the main reason for "MANDA" in the Indian market as they earn and sending profits to their own nation. They are not providing jobs but they are creating more unemployment by shutting down small business.
Only Indians can develop India by their honesty and hard work nor FDI neither foreign agree. FDI must be allowed in rail defence where it will not hurt small businessman and corruption could be stopped.
Indian govt making rich more rich and making poor more poor. FDI has stopped innovation in business the as the new business can not compete with them.
They are disobeying rules of govt as Indian govt does not allow FDI in retail bur these big outlets directly selling to end customers which cause a big danger to small businessmen of India and they have to shut down their business and becoming the salesman.
If Indian govt stops FDI in India in retail and multi-brand sector like metro cash and carry and best price stores all the business which are at the stage of wind up will get a box boom and make India more developed.
MAKE INDIA WITH INDIA AND BY INDIA AND FOR INDIA.
|Ramu said: (Feb 27, 2016)|
I want to say, coming to India. Our country has a very big market. Foreign investors are now interested to invest their money in Indian retail market and present government of India also taking the necessary steps to improve the ease of doing business and attracting investment from other countries.
According to the calculations in 2014-2015, FDI inflows into the service sector is 46%. If FDI allows in retail market. The main focus of India be the employability to the people.
I believe that FDI is boon in Indian retail market. Because if reduced inflation rate by eliminating the role of mediators. More opportunities available because more companies will established of network in India so FDI is boon in India.
|Kasturi said: (Feb 10, 2016)|
|FDI-Foreign Direct Investment, according to is going to bring great opportunity. Let it be in terms of employment, technology, profit making as just like Indian currency will be going t their country so will be their currency in our country.|
|Ashu said: (Jan 28, 2016)|
|FDI is good for developed country like our as:
1) We need certain kind of technology that can make us develop easily and early in the areas where we lack very much.
2) FDI will bring very GD competition amongst our own established firms and organisation.
3) FDI will bring employment as there will be establishment of industry.
4) FDI will focus on first develop India.
5) To have same kind of success path as world has or even to lead in many sectors FDI is needed.
|Amit Wandile said: (Jan 10, 2016)|
|By listening to everyone I come to know FDI will develop Indian Economy to a remarking position in retail, stiff competition when it happen automatically goods cost are been low.
FDI will help in Defense Sector As well as in Technology Sector one must come to know the growth happening in Global Era due to which we can stand and improve our country's Position Strong as well as in a growth Position.
In Agriculture Sector if FDI comes matter is all about learning attitude if they adapt to culture by providing Proper knowledge, Workshop, Practical exposure they will also be in a remarkable position, it will also contribute in their career growth span. It must come but by Strategically in all Dimension according to Situation.
|Rathod Dharamsing said: (Dec 3, 2015)|
|FDI (Foreign Direct Investment).
Is FDI threat for us?
My answer would be both yes-if there is no proper laws or regulations which are enacted by government.
No-if there is Fragmented ownership and higher cap or share in domestic owner. How it going to help us?
It may introduce new technology which is efficient and effective for small and large enterprises of our nation. Ultimately it help to improve infrastructure, transportation and storage of grains.
Now talking about the GDP in our country - the goods and services produced by resident of country and assets of foreign companies are include if it is within the border of nation but nationals of our country outside the nation are not included in GDP growth.
FDI will help farmer for value addition and supply chain management even in the procurement of produce.
|Anirban said: (Nov 22, 2015)|
|When people say that we need to have FDI in sectors which have weak infrastructure I tend to agree with them but the matter of promoting FDI is not only limited to multi retail brands pushing local kirana shops out of business, it encompasses the vision of the country which needs to shift from an agrarian economy to a manufacturing based economy as clearly shown by the "MAKE IN INDIA" initiative if we want to enjoy high GDP growth rates.
There is one problem- "How do we create enough jobs to make the shift from agrarian to manufacturing based economy and how do we address the skill gaps?". I feel that FDI in the retail sector will enable a good portion of the people to make the shift and provide them world class training without a lot of expenditure to the exchequer.
It is not only that I also feel that the added competition to kirana stores are still there today from Indian MultiRetail brands like "Westside", "Shoppers Stop" etc. And they are holding their own even today. The added competition to Indian brands will only help us get competitive prices and better choices.
|Sreajan Agrawal said: (Nov 13, 2015)|
|Only those who are not in favour of development of country will oppose FDI. With FDI India is gaining grounds in World Index.
Also the efforts of PM Modi are worthy enough to bring India in Uplifment of value in the eyes of World. Increases Brand Value and help country sail the ships of Competitive Diaspora.
|Sridas said: (Nov 12, 2015)|
|My dear friends,
My first question to you all is, why is the US dollar rate going high especially against India rupee. We allowed companies like Coca-Cola, Pepsi to set up manufacturing units in India where everybody thought it will create employment and yes it has created employment. Do you guys even know how FDI works. Same as profit/loss basis. Once the company pays their taxes, they can move the profit money back to their origin country.
So, whenever they are going to send in money, Indian money will be converted to USD and many of us here knows how it works, so we have to buy the USD mostly and transfer it to the origin country. In doing so, the money transferred from here by the companies is a loss to this country. Inflow is very less, but outflow is very humongous.
If FDI is allowed in sectors like retail, agriculture, etc. , it is a loss for the country. So a BIG NO FOR FDI in retail. They have big pockets. They will kill the small retailers, small businesses. As far as Defense sector and other sectors especially where technology is needed, yes we need FDI. Please put the country's interest first my dear friends.
|Maqusud Alam said: (Oct 16, 2015)|
|FDI in India:
Our economy is agrarian and as we know that large population are living in villages and their livelihood are farming and small business. So if we are considering the development of our country than first of all we have to think about people who are underdeveloped. It will be better that if gov investing in agriculture to increase the production by the use of technology for increasing yield and to get more accurate information about whether.
Most important as per data and information through news in the past decade when there were support of government to farmers and encouragement of them than poverty of our country was in under control.
And as for FDI there is need of land and resources that will be provided to FDI and MNC's that uses high technology and machinery and I think it will create scarcity of job, employment for farmers and cottage businessmen.
|Rehana Tasneem said: (Oct 11, 2015)|
|This is Rehana Tasneem.
I will not support FDI because it will shoe that our Indians are not intelligent many of the Indians more than 10% are working in silicon valley us this shows the intelligence of our Indians if we our self develop our own companies we will not lose many intelligent Indians who are producing their knowledge so I will not support FDI.
|Divya said: (Oct 8, 2015)|
My perception is, FDI is good for developing country like India. But only at certain limit. Because if they will provide any work we changed as a robot we can't express our talent and also their thinking about only earn salary.
|Tushar Sharma said: (Oct 4, 2015)|
|I'm not in that much favour of FDI, although it will bring new technologies, employment opportunities and capital which will otherwise not available but first of all this is completely opposite to our Make in India program and the second thing is that those companies who will invest in India, their primary objective is recover their investment as soon as they can so they will exploit our natural resources and labour force by providing less wages to them n forces them to work for more no of hours.
But m not saying that the FDI should be zero as we are a developing country so we have to maintain good relationship with other countries. So FDI should be allowed but to a certain extent like in those areas which will decrease the import rate of India.
And in my opinion instead of direct investment these companies should be allowed to form a joint venture or collaboration with the local industries as it will help in the development of our local industries and also helps in the establishment of the foreign company so by this way both our Make in India program and FDI go well together.
|Vikas said: (Sep 24, 2015)|
|I am of a view that FDI in India should be allowed and encouraged only in those sectors in which the country doesn't have a state-of-art infrastructure and also in those where we need heavy imports from other countries.
We must not take any inefficient decision in case of FDI but should give it a good (not very long) stretch of time and thus come up with a solution that is accepted by the people that eventually benefits the economic as well as the social condition of the nation.
|Sunil said: (Sep 23, 2015)|
|I think it might not be a good phenomenon for a developing country like India because we are having large number of un employees and allowing FDI retail means we are indirectly providing the job opportunities to the foreign countries by making them build up their own organizations and this will effect even more in the economic downfall which is already taking place in your country.|
|Kunal said: (Sep 21, 2015)|
|I strictly oppose FDI in India.
FDI will lead to job losses. Small retailers and other small 'Kirana store owners' will suffer a large loss. Giant retailers and supermarkets like Walmart, Carefree, etc. Will displace small retailers supermarkets will establish their monopoly in the Indian market.
WE WILL ACT against FOREIGN FUNDED UNETHICAL ONLINE retailers in India. They must be punished for playing GAMBLING as it is not legal in India and also for anti competitive business practices.
|Rohitrajput said: (Sep 19, 2015)|
|In my point of view, FDI is not at all good for India because India is a country with lot of rural areas. If we support FDI the rural area people position will become more hard because instead of increasing their economy it decreases their economic growth. And as a Indian I won't support in decreasing of our economy by buying foreign products.|
|Parthivenkat said: (Sep 10, 2015)|
|From my point of view, FDI is not need to India because here we have so many knowledgeable jobless peoples but if they working with foreign companies mean what is the use for our's, that country only developed not for our self, now a days so many top multinational companies have Indian CEO's in for that what is the use for our nation. If unemployment is the only reason for allowed FDI means there is no use for our nation.|
|Yogesh Kumar Jaiswal said: (Sep 1, 2015)|
I Think in developing country like India FDI is must to develop infrastructure, economy&employment, because India need money and trained workforce for their own industry.
|Prashant Shlok said: (Aug 28, 2015)|
|In my opinion FDI should be allowed in India only to a certain extent, because being a developing country it has to maintain good relations with some countries. But, it should be limited to only some sectors such as retail. Allowing FDI in retail sector will increase employment, competition, product quality and will decrease price of goods.
On the other hand, if we allow FDI policy in agriculture it will not be good for India. The reason behind this is most of the Indian people are farmers, foreign investors will do all the work with high technology machines, so farmers will lose their work and also most of them are not much qualified to either handle those machines or get other jobs. This aspect should also be considered.
So, basically FDI is the necessary evil but it must be implemented in certain limits. Also we should follow the initiative by our PM i.e. "Make in India".
|P.Madhuteja said: (Aug 17, 2015)|
|FDI is good to our country to some extent. As our India is a fastest growing economy, our country needs good economic relations with other countries. And moreover FDI can develop our country economy and decrease unemployment and urbanization too. But our native goods will not be sold and there chances of decrease in our GDP.
Most important thing is that large amount of our population depends on agriculture. Implementation of machinery in agriculture sector may also increase in unemployment and moreover foreign companies will not help them at least. So our govt has to put some restrictions on FDI in favour of our people.
|Vipin Suman said: (Aug 5, 2015)|
|Hello I'm Vipin Suman,
I am in the favour of FDI in retail. Because if it comes in India then out GDP also increase. And we get a proper bill for our purchase. And it will be helpful to us and as well as the government.
Because government get taxes from this and as I heard that if FDI comes in this sector then 80% jobs will reserve for Indians only. So by this our employment rate also increase.
We have so many product choices for us but in monopoly market we have so less choices to select the product. And at the last as a being customer we all wants our profit wherever it comes through FDI or Indian monopoly market.
|Shams Alam said: (Aug 1, 2015)|
|No! its not good for India. In 1978 Chinese market was open for foreign investment and that time foreign company came in went to China and invest and Chinese worker doing a job.
But today's all Japan, German etc. company have worked with robot. And in this time India need to gave a job for people. If foreign company invest and high skills developed people need to work, so only engineers will going to work and that people also having do a job.
But not a low skills people go to job. India should try to developed in our agriculture field, because 60-65% people have depended still farming. BY the RBI GOVERNER RAGHURAJAN (its not a make in India it is make for India).
|Abhay Chhatrodiya said: (Jul 30, 2015)|
|We should not always consider FDI as the Devil. Think how many of ours can live without western lifestyle. Everyone need new Hi-tech products.
The solution of this problem is to improve the skills of the Indian marketers, and make them capable to compete with the foreign investors. Because if we don't allow FDI in our nation then it directly means that we feel insecure from them.
Famous saying implies that "Insecurity makes one week and undeveloped".
|Narendra V said: (Jul 23, 2015)|
According to me FDI should not be allowed in India because it will largely effect our local retail sector. As the rupee value is demolishing day by day these foreign countries will be able to provide goods at a very low price which will not be affordable to our local sellers and hence they will have to close their medium of livelihood.
As we all know that India is a poor country and there are very few sources of income after arrival of these foreign huge companies the sources of income in the Indian market will become almost zero.
And after reading all the stories and history of British-raj in India I fear that our country will be slaved for another 200 years by another foreign reign, I know I am sounding a bit stereotypical but before letting those countries enter in our country again we should start searching for another Mahatma Gandhi!
|Pranay Gharde said: (Jul 11, 2015)|
|There is no doubt that we Indians have better brains than any foreign citizen so bringing FDI in India as a means of developing technology is not appropriate. FDI should not be done in India as we all know that there is ratio of 1:63 between rupees and dollar and the main reason behind that is the consumption of foreign products in India from morning to night all we use a foreign products in terms of food, tools, cloths etc thus to avoid this FDI should not be promoted in India and apart from that our Indian investors have to follow the initiative started by our PM make in India this will bring the Indian economy back at equal level or after some years our rupee will lead dollar by ratio 60:3, this could be only possible when we start consuming Indian products and not depending on foreign products.
In the end I would like to conclude that a coin has two sides same as FDI has its own positive and negative effects but in Indian economy FDI should not be promoted much as it takes away money from India and to boost our economy all of us will have believe in make in India.
|Vivek Gupta said: (Jul 6, 2015)|
|Hello guys, today I am going to present my views on FDI Foreign Direct Investment.
India is a developing country and it needs to focus on the service sector and specially in agriculture sector.
We have been facing problems about.
1. Crop failure due to improper rain,
2. Cereal spoiled due to less available storage facilities,
3. Unable to provide MSP to all the farmers.
4. Middlemen golfing the profit of farmers, create a situation of shortage which leads to high inflation.
5. Cereal grains don't have uniform rates all around the country.
All these problems will be reduced if we allow foreign companies to infuse their technologies to the agricultural field.
1. Expert guidance.
2. Large cold storage for storing grain.
3. Cloud seeding methods to make Rainfall in cloud agitated areas.
4. Efficient transportation and management.
It would boost biotechnology in our country, food will available all weather if places don't get water.
All the government needs to do is to have stringent control on their working and regulations and don't take any political advantage on it.
|Harsh Gupta said: (Jul 4, 2015)|
I personally believe that though foreign direct investment will improve employment condition but should be introduced into Indian market with some limitation because major of market is ran by small or big Kirana store which directly promote self employment.
|Shivangi said: (Jul 2, 2015)|
|Yes FDI in retail sector in India is God, as due to it, it decreases the number of employment. For the development of a country it is very important to employment of the people, if the people will employment, then it is good for the developed countries.
As our Prime Minister has already told that for a developing countries, it is an important to people get employ then our India will also come under the developing countries like other developing countries america, France, Germany and other foreign countries.
From my view, If the foreign businessman invest in our country then it increases the employment.
|Pramod said: (Jul 1, 2015)|
|FDI is good for any developing countries like India.
1. It will create jobs.
2. It will improve infrastructure.
3. Inrease productivity among competitor.
4. Will make things cheaper.
5. Will help to strengthen GDP.
|Keshav said: (Jun 29, 2015)|
As per my opinion FDI (foreign direct investment) is not good in retail. Powerful foreign companies only have one goal to earn lots of money at any cost. They uses resources extensively. Also India has biggest ratio of small and moderate business so FDI affects badly this area and millions of people will lose their work. Also when all the market will captured by these companies then they impose high cost of products on customer and at that we shall have no option. So FDI is not good in retail but it may be better in defense area.
|Rohit Chauhan said: (Jun 21, 2015)|
|I would like to add one point against FDI. i.e. environmental issues. Foreign companies will come here only because they know that, India is rich in natural resources, which are easily available here. They will destroy our ecosystem to gain more & more profit.
They won't bother about our future, therefore they will consume our resources without giving much attention, and after few year we have to face results only to gain employment & good infrastructure we should not compromise with our resources. For establishment of factories they need land, finally they will acquire farmer's land or they will cut our forests.
For example Delhi everybody knows that, there are lot of companies and factories, and everybody is well known about pollution level of Delhi, it is becoming severe day by day. Less number of trees but more number of peoples who breathe. Another example is "BHOPAL GAS TRAGEDY" accused abandoned after incident who was foreigner. So many poor people alleged injustice.
So as my perception, we should allow FDI, but with certain limitation regarding our environment. We should allow 100% in defense sector it will be beneficial for us.
|Shivangi Bijpuria said: (Jun 20, 2015)|
|From my view, FDI in retail sector in India is good because it increases the number of employment. Those who are unemployment, it give employment to the people whether it is students or working women. If the people pf people of our country will employed, then it is a great example of a country.
Due to it our country India will come under the developed country like other developed countries. Moreover, employment is very necessary for a developing countries. As our Prime Minister Mrs. Narendra Modi visit some parts of the world such as France, America, Canada so that they invest and manufacture their products in India so that the people of India will get employed.
If the people of India get employed then India will come under the name of developed countries like other foreign developed countries.
|Ali said: (Jun 4, 2015)|
This is Ali.
In my opinion don't allow fdi in India ! why not India itself produce everything? In spite of having everything, money. India is going out so that foreigners come and established his product/companies/retail/communication and many others sectors!
Nowadays in India more than 70% Indians use the product which belongs to outside India you can take example like sensodyne toothpaste, Levi's L'Oreal, American tourister and lot of products if I will list here I think word limit will get over!
If you buy anything for example Coke and Pepsi Thums Up than 80% money goes out of India and benefit is utilizing by foreigners! if anyone earn 10$ in USA, India gives 60+ RS 1:60 ratio.
30 years back (don't know exact date and year) it was 1:1 ratio India also lot of Indian products in every field if India ban foreign companies to come and establish his companies in our India. Than only India will reach good heights. Otherwise nothing will happen.
Why we not popular our products outside India and not going out to establish our company?Its my opinion you may differ.
|Chandan Kumar said: (Jun 1, 2015)|
I am Chandan.
As per my perception FDI in retail sector is somehow good for Indian economy, it will increase gdp, due to this our growth rate will increase. But it is going to affect big masses of our country. After participation of FDI in retail sector Kirana stores which is available in every streets are going to close because we will prefer to buy the products in lower prices which we will get through FDI.
In India about one crore Kirana and departmental stores are existing and and average of 5 family members are dependent on one shop. No doubt FDI will create employment. If it will create employment for 10 lacs of people but on the other side due to this one crore of unskilled Kirana shop and local shop owners are going to be unemployed. So in my point of view FDI must me allowed in India but with certain limitation so that our people should not be affected.
|Soumen Bisui said: (May 30, 2015)|
My opinion on this point of FDI in retail sector is good of our country because,
1. It is give more job opportunity.
2. It is also help skill development of youth generation.
3. It also remove monopolistic market system.
4. It can help more technology use in agriculture sector by the farmer.
5. It totally remove the middle man between cultivator and seller, that's is very good for rural people.
More person says that it is bad for small village shop but I mean to say that that is not problem because they are get good quality products in marginal range and also job opportunity.
If we seen the rural people, where to go for glossary market, we can see the most of people went to this shop which seller good relationship with them. They can not seen the price value, and quality.
Therefore I can says that FDI in retail sector is better for rapid development of our country.
|Biswajit said: (May 29, 2015)|
Today's India's most important problem is unemployment for which corruption is increased day by day. If, FDI is entered in retail market, employment scope is open for skill & no skills.
The middleman will be also destroyed & for the same as a result company will be more benefited & open scope for improvement of technologies & close the door of black market, fluctuation of market price by local dalals.
|Rohit Bazral said: (May 27, 2015)|
I am Rohit.
According to me FDI in retail should not be allowed first of all we should know why we need FDI. Firstly it brings technology and secondly it brings infrastructure but in the retail sector there is no need for any groundbreaking technology and any extraordinary skills to run this sector.
Moreover the big tycoons like Walmart will become bane for small Kirayana stores whose business will be hardly effected. Even FDI in retail was not welcomed in Germany.
|Ganesh Suryawanshi, Vikhroli- Mumbai said: (May 18, 2015)|
FDI means Foreign direct Investment & we are discussing on FDI in retail sector.
Currently, the retail sector is unorganized. The customers are going to only those shops where his long lasting relationship exist hence the retail sector is based on relationship & not on the price, quality or the service.
If FDI comes in retail the entire scenario of this sector will change as the technology in retail will come to India. It will generate lot of opportunities in skill & as well as unskilled jobs. Infrastructural development of country will takes place.
The price & quality competition will increase & that will definitely helpful to the end customer. The logistic part of the transportation will be optimized & the cost of transportation will come down & the benefit will be passed on to the end customer.
The carbon footprint will be reduced if the number of trips of the vehicles are reduced. Hence FDI in retail will definitely benefit to India.
|Varsha Chauhan said: (May 18, 2015)|
|According to me FDI should come in India because it gives new technology and skills, unemployment condition is also reduced. But everything have some disadvantage because everything or everyone is no perfect such as this condition is also here to come FDI it effect our culture, environment etc.|
|Deepak Sharma said: (May 1, 2015)|
|FDI is good to some extent for the development of the country. It brings about the new technologies and capital which is otherwise not available in the country. In the era of globalization, the world has become a one big family and sharing of technologies and capital with other countries are a win win situation for both the countries.
Indian retail sector is not as organized as the western world. This sector depends much more on the small shopkeepers who share a kind of relation with their customers so that the customers do not go for the other vendors because the people have faith in their shopkeepers.
But this thinking of the people of this country is changing as more and more people are migrating from their home cities to others for the sake of employment or other better opportunities.
So they lack the relationship that was used to maintained with the shopkeepers in India. FDI in Indian retail sector will not bring any new technologies with it but will allow large multinational to end a chain that lies between the manufacturer and customers.
|Kundan Kamal said: (Apr 19, 2015)|
My opinion is that FDI will lead a important role to developed our country, because at the current time India is known as development country not developed, whereas in India the percentage of youth is 60% and 50% youth are unemployed, It can be overcome by the FDI.
1. If Foreign company invest his money in India then it create a large number of job for skilled and unskilled people.
2. It create a competition in market then farmer and people are get the job at low rate.
3. All people aware about new technology, and they could be learned.
4. It can made a good environment which can helped to change the mentality of people.
But we are also know that if foreign company is established any company in India then it not men that they want to develop India, They are only want to get a huge profit. In that situation they can harm to our resources or destroyed our resources.
|Suraj Chauhan said: (Apr 16, 2015)|
|In my opinion FDI is a very great tool to increase our country economy and I believe that when a large number of countries are come to do business in India. Large number of people required to fulfill the requirement so large number of vacancies created means large number of people get job.
Unemployment is one of great distrust which stop to develop our country. Due to FDI some people loss their work but in comparison to getting large number of people it is very less.
|Bharati Dharigoud said: (Apr 16, 2015)|
|In my opinion if we permit to introduce FDI in retail sector. India is becoming most favored retail destination in the world. Today retail sector contributing 10% to country's GDP. Indian retail industry is ranked among the ten largest retail markets in the world. The change of attitudes of Indian consumers and the emergence of organized retail formats have transformed the face of retailing in India.|
|Sridevi said: (Apr 15, 2015)|
|FDI will lead to job losses. Small retailers and other small 'Kirana store owners' will suffer a large loss. Giant retailers and supermarkets like Walmart, Carefree, etc. Will displace small retailers supermarkets will establish their monopoly in the Indian market.
Because of supermarket's fine tuning, they will get goods on low price and they will sell it on low price than small retailers, it will decrease the sell of small retailers jobs in the manufacturing sector will be lost because foreign giants will purchase their goods from the international market and not from domestic sources.
This has been the experience of most countries which have allowed FDI in retail. Although, our country had made a condition that they must source a minimum of 30% of their goods from Indian micro and small industries, we can't stop them from purchasing goods from international markets as per WTO law.
So after coming to India, they can reduce this 30% by litigating at the WTO.
|Bharathi said: (Apr 14, 2015)|
In my view having FDI in India is very necessary. But in retail industry its not good. Mostly there is unorganized sector in retail market. Many people will become unemployed comparing to creating of employment opportunities. Why we should depend on foreign country to help our farmers. Our govt can provide cold storage and warehouses.
Many infant industries are there in India and they can't compete with the international markets. Rather than giving incentives to foreign firms government can offer to our people and make them to compete with international markets in future.
|Abhi said: (Apr 13, 2015)|
1. Initial inflow of foreign capital and funds.
2. Transfer of skills and technology.
If FDI is such a great thing, why not open it for all sectors? To understand this, we first need to look at why Companies actually go and invest abroad. Answer is PROFIT.
Everyone knows that in long term, the initial inflow of foreign funds, will eventually turn in outflow of funds. In my standpoint FDI for retail sector is not good for India.
So Why need FDI? Real benefit of FDI is "transfer of skills and technology".
In my opinion, India has skills and technology required for retail sector.
|Shalabh Saxena said: (Apr 7, 2015)|
|Foreign Direct Investment means foreign companies provides goods as well as services to another i.e. beyond the geographical boundaries for the benefits of the users of things. Globally we can acquire the commodities for satisfying our need. Its good for the development of the country.|
|Aishu said: (Apr 2, 2015)|
|Hello every one! In my standpoint FDI is very useful to our INDIA. Because INDIA is a developing country. But our government keep restrictions for some years what I mean is if restrictions are present it is very useful to our country.|
|Kalyan Chowdary said: (Mar 15, 2015)|
|In my opinion fdi allowing into India is completely disadvantageous foreign companies will only concentrate on their profits they do not take part in developing our Indian economy they will exploit our natural resources by manufacturing activities.
In India small retailers will suffer and most of the retailers are middle class families they will loss their earnings they cannot have huge resources to develop their business.
|Kalpesh said: (Mar 9, 2015)|
According to me FDI should be allowed in India.
Main reasons are,
Firstly it will eliminate the "agents/middle mans" between the farmers and the consumers which will benefit not only farmers but also the consumers. It will create infrastructure, ware houses. So good products will be available at lower rates to the consumers.
FDI will increase foreign reserves, which will increase our GDP, means our growth rate will increase, means people can spend more. At the end, all of this will positively impact every one of us.
It will increase employment among not only of unskilled but also skilled workers. Yes, there are negative effects are also there like effect on small retailers, ex-poser to the international markets.
Eventually money is also going out of India. But with some regulations and controls these effects can be minimized for the beneficiary of our economy.
|Deepa said: (Feb 25, 2015)|
I think Foreign Direct Investment (FDI) means Cross broader transaction in one economy and advantages and disadvantages are there.
Advantages : If the FDI will come we can get huge employment and we are getting new technology, so our economy will be high. Main the FDI form retail sector, framers are getting more profits because of no Intermediaries and they are getting right cost form the product and domestic company will compete with national wise.
Disadvantages : Small scale industries are not able to comet with large scale industries, and the domestic company may suffer.
|Ansh said: (Feb 18, 2015)|
|Advantages of FDI in retail.
India's retail industry is one of the biggest around the world when it comes to the privately owned ones. The industry has seen some major restructuring thanks to the FDI structure becoming more liberal than before. The benefits of FDI in retail, as per experts, carry greater weight-age than the cost related implications. With FDI in retail, operations in distribution and production cycles are expected to become better.
Owing to factors such as economic operations, the cost of production facilities will come down as well. This will mean a greater choice of products at lesser and justifiable prices for the customers. As a result of FDI, companies will be able to bring in technology and skills from other countries and this will help in infrastructural development of India. This will also help in creating more value for money for the buyers.
After FDI in retail, it is possible to set up a properly organised chain of retail stores as the capital to do is readily available. The investment can be regarded as a long term one as the physical capital put into a domestic company is not liquidated easily. This is its main difference from equity capital.
ICRIER had also predicted that if FDI in retail was introduced in India during 2011-12, the Indian economy could have grown by 13 per cent, the unorganised sector could have seen a 10 per cent growth and the organised sector could have increased by 45 per cent.
|Lakshu said: (Feb 15, 2015)|
|According to me, FDI in retail sector is good for the country.
The positive side would be increase in employment opportunities, technology upgrade, infrastructure facilities, low spending of money, tax benefit for the government.
Farmers were also benefited as their products will be sold at reasonable prices. It will also deepen the economic relationship between INDIA and foreign countries.
|Shubham said: (Feb 13, 2015)|
|In my opinion, FDI is very important in developing country like INDIA. FDI help to increase revenue, tax collection, creating new job, farmer get to beneficial price her crop. Exchange modern technology, increasing export, improve Forex position, helping rural infrastructure improving.|
|Partho Mukherjee said: (Feb 1, 2015)|
|In FDI there are four participants:
Companies point of view:
India is developing country so they will get good share for their investment as India is ranked 3rd in PPP. Now customers point of view: customer will get more option to choose and at cheap rate due to competition without compromising the quality of the product.
Farmers point of view:
They will get good infrastructure (cold storage's, ware houses) , good supply chain management, good income for their farm produce, single procurement source.
Government point of view:
Good foreign exchange reserve for India, it will increase employment rate, technology transfer will help to learn their technique and efficiency of making good product at less cost. So I think FDI is good for India with some government Interventions.
|Sachin said: (Jan 31, 2015)|
|Isn't the people are opposing FDI like how some of the Political parties and people were opposing computerization in India in early 80's and now the same people can't stop themselves praising computerization in India, it's not just created jobs also modernize our economy, Now India is one of the country whose IT products are having good margin in overall GDP. Now without giving a chance to FDI how can we be so unrealistic and lost that it will only hurt to our economy and create unemployment.
We all know the quality of product available in Indian Markets and their superior prices, with these kind of products and problem how long we will survive. Another thing the retailers are crying for everything, now people have moved their choices on online shopping because of the cheap prices as most of the retail complaints do not own any storage place so no rent they are paying for storage, so they are able to see their products in cheap price. Our retails should learn to compete.
|Karthik S said: (Jan 20, 2015)|
According to me FDI Helps in transfer of new technologies, management skills, intellectual properties. FDI also can increases competition within the local market and this brings higher efficiency.
Although Foreign Direct Investment in Retail will help in providing employment and developing our country but this will create a problem for small Indian retailers to exist in the market as this will increase the competition for them. For small Indian retailers it will become hard to compete with the global retail chains.
Retailing in India accounts for 14 to 15 percentage of GDP. Allowing FDI will benefit the consumer by lowering the price of the commodity and eliminating the middlemen but definitely it will create unemployment for semi-skilled personnel.
As global retail chains will prefer to hire trained and skilled personnel. If Govt, in spite of many drawbacks, still want FDI in retail, it should have to create rules and regulations to keep control and maintain the growth level in India. Govt need to consider all the facts regarding FDI positive as well as negative before taking any step.
FDI may benefit in short term by providing employment and increasing the competition to bring out the best in all the respective areas but in the long term it will benefit the global chains only.
They will use our India for its own development. Instead of allowing FDI we should develop our Indian retailers to compete with global retailers by providing different growth opportunities.
|Bharath Hn said: (Jan 15, 2015)|
According to me FDI is not at all required for India & it also not much profitable. By taking the investment, India will never increase the economic growth & it will be in constant for taking investment forever. Instead of this, as we know our population is around 1.22 billions, so if we collect a single rupee from every 1 in our country, definitely India can invest for other country & our economic growth will be in top.
|Preeti said: (Jan 10, 2015)|
|My point of view said, "FDI is not beneficial for India" because India is developing country and foreign investors invest in India for their brands not to develop our country but for their sake. I give you a daily base.
EXAMPLE: Chinese toys are more cheaper than Indian toys and mostly people want to buy those goods which are cheaper. Because they do not have enough money. Due to this India can't develop our economy.
Because we people prefer foreign things due to MODERNIZATION. So it depends on we people that what we have to opt for our economy. Domino, pizza hut, doughnut these companies will make profit and our Indian salesman are in huge loss. And our Indian economy are not rising.
|Nellaimathivel said: (Jan 9, 2015)|
|In my opinion I feel that FDI in retail will give negative impact more than that of positive while by FDI in retail will give jobs and may give infrastructure to farmers but certainly our economy will suffered as our currency will fall further and oil prices will rise and that will impact our economy.
While FDI in retail they invest in India to earn not to develop India so there is no possibility for real infrastructure development in India guys just think while foreign manufacturing companies in India make our economy in trouble by taking away our earning today most of our spending goes to foreign country manufacture even now our government gives voice for make in India.
I do not know why they allow FDI retail if government feels make in India will make India strong if retail by Indian will make India even stronger.
|Rahul said: (Jan 7, 2015)|
|Retailing is one of the pillars of Indian economy and accounts for about 12-15 percent of GDP. We all know that India economy is not enough to boost retailing i.e.investors and government don't have surplus capital so I think we can get over this capital aspect by introducing FDI. Moreover it will also increase Indian retailing system knowledge by integrating globally.
Now if we see the policies made up by the government for FDI we see that it can also benefits the farmers as half the amount of capital invested by brands are to be put for back end infrastructure which will aid the farmer economy as it will lower the loss of products by preventing it from getting perished and thereby the farmers will not be compelled to sell these perishable items at whatever price they get.
Beside that the farmers will not have to depend on middlemen for there items to be sold. Because of which they get less money in compared to what they would have got if sold directly. This will also integrate farmer consumer relationship.
Again we all will get fresh vegetables due to FDI companies investment in back end infrastructure plus we will have better and more jobs directly, indirectly and by induced effects.
|Ramesh Kumar said: (Jan 3, 2015)|
|FDI in retail sector should be negligible, because if FDI in this segment will be increased than effect of FDI will fall on our currency. It will make our currency weak against other currencies.
And a huge part of cash flow will be swept out by the MNC's. Our country's part of profit will not be distributed in our country. Our spending will not work for our economy.
Our small shopkeeper will become unemployed. And many more it should be restricted to a certain level otherwise we will have to do agitation in future.
|Mehran said: (Dec 24, 2014)|
|FDI in retail sector is not much socially profitable project for India. Though it will create employment and increase standard of living but it will create chance of monopoly and other effects.
The foreign companies can exploit farmers by acquiring their lands on the note of productivity and development.
Indian middle class families are in habitual habit of taking daily uses products and other house hold items on credit basis from local kiranaa walas. They will not get this facilities from FDI's retail shops.
Instead of FDI in retail sector FDI should come in airlines industry. This will bring prosperity in the industry. Many Indian airlines companies like kingfisher had faced financial crisis. FDI can overcome with this.
|Diksha said: (Dec 13, 2014)|
|According to me FDI is a great boon for our country. It's assisting us in developing our country and thus giving us access to a newer technology. FDI helps in providing employment eradicating poverty. FDI was launched in 1991 and after the introduction of FDI it has not only helped in improving our country state but also assisted in changing the perception of individual.
People are not only liking foreign goods but also following their tradition. Earlier women's were forced to wear DUPATTAS and cover their faces. But now things has changed. So in the end I will like to wrap up by saying FDI is good for developing country.
|Bhaskar said: (Dec 11, 2014)|
FDI it is more helpful to our country economically development. If developing and backward countries FDI gives a support and opportunity to develop economically. One of the main important benefit is employment. Yes unemployment is greatest weakness of developing countries. So more opportunities are there in Foreign Direct Investments. Our country GDP also increased in my point of view.
|Kamlesh Kumar said: (Dec 4, 2014)|
I think Foreign Direct Investment (FDI) has appeared to be the most important source of external flow of resources to the developing countries and has become an integral part of capital formation despite of their small share in global distribution of FDI. This paper discusses the impact of FDI on the economy of developing countries and its overall significance in the economy of developing countries and after the Global Financial meltdown FDI are searching for more lucrative investment opportunities and developing economies around the world provide the very good investment options for FDI.
|Rahul Rai said: (Nov 28, 2014)|
I am in favor with FOREIGN DIRECT INVESTMENT (FDI). FDI refer to investment in business or production. FDI in retail sector will provide the employment to literate as well as illiterate people, thus it eliminate the poverty and lead to a better life style to the citizen of the nation.
New technology comes with foreign direct investment, that result in consumer purchase goods[genuine, branded] at cheaper cost.
It will increase the gross domestic product (GDP) of India, since the GDP is also depend on per capital income of the country. Before 1990's citizen of the India were not aware to FDI. That result in high inflation and low GDP.
China has the largest country for FDI. Since both country ware in the same phase before few years ago. But now due to FDI China's GDP and inflation is much better than India. To avoid GLOBAL RISK India should make a strict policy for the foreign direct investment. And FDI is allowed over a short period of time.
|Vijay said: (Nov 21, 2014)|
|We are living in the age of globalization and FDI may be considered as a powerful tool of Economic growth. It can be shown by following data.
1. Firstly, It will increase Employment to local people.
2. Secondly, It will increase productivity due to competition with local kirana shop.
3. Third one is, New technology will be introduced in our country which will uplift our lifestyle.
4. China is the world largest destination of FDI which resulted fastest economic growth.
I think we should be hopeful whether being pessimistic.
GDP = consumption + net investment + govt spending + export-import where net investment is domestic investment + foreign investment.
So it will also increase our GDP.
|Bassam Alkhateb said: (Nov 17, 2014)|
|India is not behind this global race of attracting foreign investment. India emerged as an attractive destination in services but has failed to evolve a manufacturing hub which has greater economic benefit.
Foreign investments are one of the important sources of financing the economic growth, but not a key to eliminate poverty, unemployment and other economic problems. India needs a big investment to reach the goals of vision 20-20. Policy makers need to ensure vision and stability in policy making along with complete long term growth strategy. Removing FDI barriers and reducing unclear regulations will attract more private investments will help boost India's economic growth.
India is currently the 18th largest export market for US good, yet the US is facing a number of trade barriers in the telecommunication sector.
1. Funding: Starting a plan to phase-out priority lending.
2. Financial sector: promoting new entry for private Banks.
3. Tariffs: tariffs & fees systems are complex and vary at the state, central levels & by ministry.
4. Import processes: India didn't sign to the WTO (World Trade Organization) Government Procurement Agreement.
5. Government procurement: barriers in major services industries like insurance, banking, accounting, legal services, telecommunications, distribution services, postal and express delivery services.
6. Export supports: India's customs valuation policies do not reflect actual transaction values and raise the cost of exporting beyond realistic tariff rates.
|Abhishek Kannoujia said: (Nov 15, 2014)|
|Hello friend, from my point of view FDI is good for middleman consumer and it gives many advantages to the farmer. But FDI in defence is not a good decision from my perception because 49% share of foreign company means compromising with own's country security.|
|Saumya Srivastava said: (Nov 12, 2014)|
|I take FDI in a positive way. India is one of the developing countries and If Developed countries of world will invest in our economy. It will be beneficial for us in many ways, Focusing on Retail sector which is one of the pillar of india's economic growth and contribute around 15% of GDP.
FDI will help consumer to get all quality product under one roof with huge choices of each product, neither like general Retail shops where consumer doesn't get choice nor quality. Shopkeepers does not fix any particular price for the product they take different price from different consumer for the same.
FDI will provide capital for setting up retail chain which is a LONG TERM INVESTMENT and will introduce us with advance infrastructure. Even job opportunity will be available as retail shop will be set up in India at a large number. And help to lower India current account deficit and will boost rupee against U.S dollar.
|Sridhar said: (Nov 9, 2014)|
|Hello everyone, most of people said FDI bad for our country. But before that we think about e-retailers, they also do the same job, such as bought goods for low price and sell it. Most of our own country manufactures, distributors, retailers affected.
So first we need some government restrictions in e-commerce, then we discuss about FDI.
|Shanawaz said: (Nov 8, 2014)|
If FDI comes in India. Indian sector will come down and still makes India to be in developing country and not in developed country.
|Nikita said: (Nov 8, 2014)|
|As for my perception, FDI will good for retail sector. As FDI introduced to India, there will be many options and choices for the customers to select goods at low prices. If the government will apply FDI to India, our countries GDP will surely increase, as the foreign company will invest in India and they have to pay different types of taxes like service tax, sales tax, corporate tax etc, the fund of Indian government will increase.
We know that India is a developing country, and a developing country's biggest problem is unemployment, if the foreign company will invest in India and open their malls, they will give job opportunities to both skilled and non skilled people.
If we will talk about the small retailers, let me tell you that according to FIPB rules that is foreign investment promotion board, the foreign company can only invest in those cities where's population is more than 10 lakhs, and as we know that in India there are only 100-200 cities are there where's population is more than 10 lakhs.
FDI will improve India's infrastructure also, as the rule of FIPB says that every foreign companies has to invest its 30% on their infrastructure. At last I can say that in my opinion, FDI is good for Indian retail market.
|Vatsal Srivastav said: (Nov 8, 2014)|
|The main thing is the citizens of India, they are attracted to foreign goods, other countries like China, Japan, are not so much influenced by it. We should take pride in our culture, not to be attracted by foreign goods.
Our countries position will only go down by this. We depend on FDI as we are sure of their quality, why not this for Indian retailers? I think the new ministers should take step, not like the old congress. We should think of Indian employment also.
If we keep promoting FDI, hardly any job vacancies will be there, and more more people will try to go to foreign countries for jobs which will effect India's status.
|Ashish Sahu said: (Nov 8, 2014)|
I think FDI must be introduced every person who is participating in this discussion must note that you can't achieve perfection and in my dictionary perfection is boring getting better is where all the fun. We have to introduce many such governmental events for proper growth rate.
I know this may not lead in the favor for certain category of farmers like cotton and silk production farmers but on the other hand it also give them a better returns like a agricultural farmers may gain profit from this.
People gave me many reasons to use cotton products, Indian products but simply how many of you use laptops saying made in INDIA or T shirts telling made in Bihar.
We simply can't use many Indian products because we can't give our pleasures just to for the sake some farmers. This is bitter truth so accept the truth and move on.
It has many advantages.
After certain period of time India will be the largest populated country which leads to unemployment FDI generates a huge employment.
So simply accept the FDI and move on man.
|Shivani said: (Nov 6, 2014)|
|According to my perception, FDI should not entertain because, India want to be developed not remain to be as a developing country.
If India wants to give the competition to the other nation, Indian government should restrict the FDI and give opportunities to the Indian retailers that they in partnership do the business and provide goods and services to the customers at affordable price by reducing the cost of production and export more and import less and try to increase the employment by hiring right people for the right job and for that focus to increase literacy by providing proper education without without discriminate the rich and the poor which will lead towards the developed nation.
|Ravi Srivastava said: (Oct 29, 2014)|
I am Ravi Srivastava,
As for my point of view, yes FDI will be good in retail sector. As foreign investment comes in India there will be more choice for a customer to select good at appropriate price also, besides there will be a competition with local retailers so they will also improve their quality.
FDI will also create job. There is more likely chance surge in GDP if FDI comes. Overall there will be increase in economic development.
|Nisha Pandey said: (Oct 29, 2014)|
Only 7% organised retail store in Indian and rest of unorganized. FDI in retail is not good for that unorganized store so my point of view, government should not give permission of FDI in retail. It should be permission on that sectors where we depend on other country like deference sectors. FDI may be reason of unemployment of 93% unorganized retail.
|Santhosh said: (Oct 29, 2014)|
|Why can't they support and encourage small and medium based industries rather than supporting FDI's for employment and improvement in GDP... BTW, if govt encourage SMB's, they can go into international markets as Brands rather than buying other brands.|
|Shyam said: (Oct 26, 2014)|
|FDI means foreign direct investment. So, if foreigners want to invest in our country in retail sector. They should take our government permission. If our government allow to FDI our country GDP & employment opportunities also improve. Also all branded things are available in less cost, monopoly market also terminate. Because of this all reasons our government should allow FDI in Indian companies.|
|Pranav Nanda said: (Oct 14, 2014)|
According to me FDI should be allowed in retail as, it will be beneficial to the farmers, they would get a fair price of their product. Proper facility would be made for collection from various farms.
And the customers even may be benefited as they would get goods at lower cost, various International brands would be available in market.
GDP of country would eventually increase if proper implementation is made for foreign investment. Even it could help to keep check on inflation.
Hence in my views FDI should be allowed with proper laws.
|Shruti said: (Oct 12, 2014)|
|From my point of view FDI in retail sector is good to some extent but its not that our country should totally rely on FDI. Its true that it creates job opportunities which helps in coming out of the problems of unemployment which is a root cause of poverty in a developing country like India. Also it provides a better choice to the consumers to purchase goods of high quality and of well known brands. It approves no harm to the health of the consumers. Further FDI gives a tough competition because of which the local traders become reluctant to produce and sell goods without any fraudulent act otherwise they will be thrown out of the competition. It also helps in increasing the per capital income of the country. But further I also want to keep my point that if there will be a total dependence of the retail sector on FDI it will harm the local traders as they don't have enough capital to invest a large amount in the business.
So overall through my points of view FDI should be entertained but its not be done that an economy should totally depend on FDI. It should make its own place in the market to remain in the competition and to make the country from developing to developed.
|Amit Vashist said: (Oct 10, 2014)|
|Friends good evening,
From my point of view FDI in retail is good for developing country like India.
FDI will remove the middle man concept and bring common man and poor more close to the producers.
Definitely this is going to helpful in lowering the rates of essential commodities needed for survival, as India is the home of people mostly belongs to middle class families, poor also constitute more than one fourth of the total population.
Secondly, products and commodities available through big retail stores will be of good quality and again this is going to benefit the ultimate consumers.
Also these stores are going to give stiff competition to the existing traders and they also have to improve their quality.
As for as wealth flow is concern, govt can manage the same by making rules and by avoiding 100% FDI.
Control must be in hand of govt.
Location of retail store is also an important decision which must be kept in mind.
|Nitin Bhadoria said: (Oct 6, 2014)|
|At my thought, FDI is not compulsory all state and long terms because all Indian state condition is not same. FDI is best for farmers, our country is mostly depend on the agriculture, every year huge amount of food product are wastage because of the lake of the cooled store and our country food chain very bad and farmers deal direct in the multi brand store and will be take direct benefit to the farmers.
But this stores are direct impact on the small retailers and create competition in the market, then small retailers are very difficulte to survive in Indian market for example foreign country France not permitted wall mart to set up stores in the market whereas Germany.
|Vivek Sherawat said: (Oct 3, 2014)|
|Hi there! There are both good and bad effect of FDI. But it can be boon to the India if government put some rules on this. It should be allowed in the India but only for some limited period time until Indian industries could compete them. By looking forward we should think about PM Modi slogan "make in India". People should think of being job creator rather than find a job. PM Modi's vision of creative India can be fulfilled if most people will think of being job creator.|
|Priyadarshi Raj said: (Sep 26, 2014)|
|Well I think if FDI is introduced then it will become inevitable for small retailers to live their livelihood as we can see even in america small retailers face very tough competition and find it difficult to survive and even President Obama used to go to the domestic shop along with her daughters to promote the small retail shops once in week. So one can imagine the condition of our retailers.|
|Hemanth said: (Sep 25, 2014)|
|Many people who are against FDI have spoken about bringing back the black money from Swiss bank. But lets talk about an event which could certainly be done. I think bringing back the black money us just a dream and nothing more than that.
So we have to search for alternative which could solve many of our problems.
Certainly FDI is one among it. Many Indians are not willing to take risks. That is the main reason why we could not produce more enterprises.
So certainty we have ti search foe alternative. And surely FDIC is one among them for no doubt.
SO ALLOW FDI FOR THE SAKE OF THE WHOLE COUNTRY.
|Pawan Singh said: (Sep 20, 2014)|
|As I have read the all ideas which are given by my friends, the most of them are saying that FDI should be allowed in our country and given many valid reasons like High inflation rate, unstable economic, low value of rupees against USD, Unemployment, Low standard of living, improper price of commodity in retail sector etc. All these problems can be improve by FDI. Most important reason according to me is Unemployment, this is root cause of all problems. If a person is unemployment means he has nothing to invest consequences are consumption will be low - production will decrease(also employment decrease) results GDP of country decreases. GDP is directly connected with economic of country. As for improving GDP, Government of India has started many schemes like MGNREGA etc But FDI can rapidly improve the unemployment.
Many friends saying that FDI should not be allowed reasons are given If FDI invests for long time means they will make large rupees and it may be dangerous if they change all these rupees in their own currency may be dangerous.
After Healthy discussion I came to a point that FDI should be allowed for some time with proper terms and conditions which should be in favor of Indian citizens.
|Swapnil Wakekar said: (Sep 15, 2014)|
|Yes, FDI can improve our economy, but for sustainable growth of our economy India should not entertain liaise-faire type of FDI. Currently FDI invest in the areas where they get excessively high return. They neglect areas like oil production, power generation, and other priority areas. This sectors had made solid contribution in india's growing economy.|
|Tashu said: (Sep 6, 2014)|
According to my point of view FDI should be allowed in India as India is a developing country and has quite weak economic growth rate. I would like to quote some of the advantages of allowing FDI in retail sector:
One of the major problem that our country is facing at present is inflation, by introducing FDI we can decrease our inflation rate. As if we consider the old statistics. Before 90's FDI was not allowed in India and at that time inflation rate was very high economic growth was too low and many other problems but as soon as FDI came into effect after 91 our inflation rate gradually decreased from 17% to 7% in the year 95 and GDP increased from 1.7% to 5%.
On the other hand, it will create more job opportunities, which will be acting as a key growth driver of the organized retail sector in India.
Customers will have access to greater variety of international quality branded goods.
Farmers will get better prices for their for their products through the improvement of value added food chain.
There will be increase in the disposable income and customer aspiration.
Customers will get a better product at cheaper price, so consumers get value for this money.
So, In the end I would like to wrap up by saying that since now everything is becoming globalised FDI is very important and instead of not being in the favour of this we should rather boost it up.
|Ulta Chashmah said: (Sep 5, 2014)|
While I agree that FDI will benefit our back-end infrastructure and provide the much needed capital to develop cold-storage facilities, communication and transportation infrastructure, I would like to point out some areas of concern.
1. As stated by fellow participants, keeping money in the local economy is of prime importance. Large Corporations increasing remit a large part of their profits to offshore centres.
2. It has been reported that big wholesale firms impose impossible terms on the suppliers, who slowly cease to be profitable.
3. A person visiting a walmart store is going to go once a month and buy in bulk. That means he/she will invariably need personal vehicle. So it may not be a surprise to see more vehicles on the roads adding to the ever growing problem of congestion.
4. To my mind encouraging pvt investment in the form of PPP to build up our supply infrastructure along with reducing red tape, and we can solve this without a Walmart or a Tesco or any other.
|Hemant said: (Sep 1, 2014)|
|The term FDI refers to investment either in business or production by the people of other to your country. As far as FDI concerned in India it has both advantages and disadvantages. As we all know India is a developing country so allowing investment in our country will improve economy, employability and infrastructure. It will strengthen Indian economy on the map of world economy. But there are also some serious consequences.
Of FDI which will result in destruction of local market because there product and technologies are more cheaper and reliable then ours. So government should make right kind of policies so that even if there is global slowdown our economy remain unaffected.
Is Foreign Direct Investment (FDI) in retail sector good for India?
Email : (optional)
» Your comments will be displayed only after manual approval.