Is Foreign Direct Investment (FDI) in retail sector good for India?

Technology dependence on foreign technology sources is just the facade that has been created to build a political case to avoid FDI in retail, lot of this software that run in the background are being made and serviced through the IT companies that have their bases in India which in a way is a source of employment to our fellow countrymen. Currently, rise of inflation in commodities is largely due to Agri sector's heavy dependence on seasonal rainfall coupled with various middlemen in the supply chain who hoard the commodities contributing to high levels of inflation. Creating a leaner supply chain in marketing will ensure that goods are reaching the consumer directly from the producer or manufacturer. With more middlemen involved in the supply chain, we end up adding their margins to the end cost of the commodity at the time of purchase by the consumer.

Moreover looking at the consumer behavior and the demography of the Indian market small retailers will always have a prominent place. Certain examples of placing my point; Indian consumers by and large depends on touch and feel of the product before buying it. Particularly the everyday fast perishable items that we consume like Milk, Veggies, and Fruits we always prefer to go to the local store and pick up. Certain products that are needed immediately or are unplanned purchases, I would resist driving 3 km's to a mall to purchase it, I will largely depend on the corner store to complete my immediate need. Another glaring example of the divide in the Indian society or I must say the rich and the poor divide, the Indian middle class will perhaps go to the mall for their planned purchases, however the daily wage earner will still depend on the local Kirana store to fulfill his daily needs, it again is the source where this daily wage earner can pick up his ration on credit as well.

In my point of view, FDI is good for Indian economy. It will benefit the whole country in various manners. First and foremost it will bring a lot of employment and bring a lot of competition among companies. It will help in improved product quality and more reasonable pricing.

Hi friends, myself Sirish. FBI is the not good for India why Indian people are encouraged in other country products please use our handmade products and develop the India and poor people.

Hi friends, if you ask me I would say yes for FDI there are certain aspects that should be considered. If you presume that it'll affect the India's development what about United States being a developed country they still have FDIUS which is generated around 2.8 trillion US dollar and being a part of US economy. So it's good and healthy to be integrated globally.

As far as I'm concerned, I feel that "like every coin has got two sides, FDI too has got positive and negative sides".

PROS:

1) It will bring changes in technology and hence we will save time and also the quality will increase.

2) IT will also generate employment, which means our country economy is going to increase.

3) It is beneficial for customers as because of competition, price of commodities will reduce.

CONS:

1) Increase in FDI means relaxation in trade barriers, which results in too much of activities like dumping which is not good.

2) As outsourcing will also be practiced in large number, talented employees of our country will be outsourced to other countries, which is a loss for country.

My dear friends. According to my view, FDI in retail sector will definitely improves the Indian economy but is bane for our Indian retail sector businessmen. If we look into retail market in India all are middle class people only. Their retail business will be effected. So our growth should not effect the Indian retailers. Hence some specific measures has to be taken before implementing. Otherwise middle class people will be affected. Thank you.

As our government is planning to raise FDI it will defiantly go up to 49%, it clearly means we are not able to compete with technological development and fulfil the demand of the market.

Hence foreign MNC's will take over the market and they will create a job, but what will happen in any case of war or political instability. A Large number of people will unemployed.

And reassessing small scale industries and retail, I am sure FDI is very harmful. Although it will create a new market for retails. But again we will be fully dependent on our government.

India is the one of the largest economy in the world. Through out FDI has more impact on the retail sector due to monopoly.

Everyone have their opinion to say on the topic in my opinion, FDI is important but not as the decrease the productivity of their country.

The taxes and other thinks which are taken from other countries for the establishment of their industries are taken more than home productive products.

It's good for India because it creates a value for an product which already exists. And then it makes an employment opportunity which was struggled by the Indian government. Then it improves an updated technology to survive the new market trends.

A coin have two sides likewise, it has demerits also which cause our domestic products.