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

Hello everyone,

Till now we have many perspectives for FDI. In my view, if FDI will be applied with strict rules which will be in favor of development of poor, illiterate and rural population because if we want a complete development for our country then it couldn't be possible without these people, we have to follow equity, not equality in are rules. In equality, we create equal opportunities for poor and rich educated people because of that the poor and illiterate population are unable to use that opportunity in lack of information so we should make rules in which the major preference should be given to these people.

In this way with FDI our country's every class can make development because FDI is a good idea but when it will be executed with a proper development strategy.

It can make our country economically strong and can provide employment which is a very big issue for us and can strong our relations with other countries.

In the point that the local shopper will be in loss so here, a solutions can be provided as they can make their business with FDI investors as a local branch.

Hello.

A good day to all of you.

All of you said very well.

But According to me, everything should be in a balanced manner. If FDI takes more place in India, it will not prove good for Indian retailers. Their product would not be sale and it results bad for Indian product.

Although the Indian product price is higher than that of others but Indian product life is more than foreign product.

We can invest good through Indian product sales n it will also help to improve our economic conditions also.

Hello Everyone,

FDI to some extent is important for our development of our economy, some people argued that if Giant like Walmart comes to India it will remove the middle man system and provide good income to our farmers but in reality these giant are themselves big fish act as mediator, they will buy things from farmer in cheap rate and will sell it in market with much-increased price, eventually making poor more poor. Government of many developed countries where Walmart is operating used to give upto 200% subsidies to farmers but for the developing countries like India it will be very difficult to provide such big amount as subsidies, so we need to have limits defined for FDI in retail.

In my point of view, FDI must be allowed in India which helps to improve our Indian economy. But it must be restricted in some sectors which should not affect the income of the poor people.

Foreign direct investment is good in the retail sector for the growth of India.

In my point of view, FDI funds should be help for poor people. People in High sectors are taken the most of the funds from Foreign for their needs. Corruption increased all over in India. That's why India is still Developing country.

In my point of view, bringing FDI up to a certain extent will no doubt boost the competitive market in India as it will bring more potential among companies for better quality and competition makes them grow faster and thus generate more employment which is necessary for a developing country like India. But it should have a limit for this because 100% FDI will affect the middle-income people and small businessman which is of large percentage in India and will increase the gap between rich and poor.

So in my conclusion, FDI is good if it hasn't any adverse effect on the small businessman and low-income people.

Before starting, first we need to understand what do we mean by the term FDI. FDI i.e., foreign direct investment is the investment by any foreign country in home country here India. This FDI can be fully owned by foreign player who wants to start business in India. Also, it can come under joint partnership with any private player of that country.

Now coming to the pros that why FDI in retail sector is good for country India. Firstly it enhances competition in the market which lessens the price of the goods, that is the consumer starts getting best quality at cheaper rate. Secondly, consumer gets lots of option to choose from that suits his/her budget. Thirdly, by bringing in foreign entity, it leads to the regional development of the country, thus leading to more employment opportunity for the people and also improving quality of life of the people.

Now, looking at cons, that why FDI is not good. As we can see our markets are already filled with Chinese products which are far cheaper than the Indian goods, and thus the price point at which these Chinese products are made has no match with the Indian goods. Thus, this has resulted in the shutting down of lots and lots of Indian companies due to failure. So, in my opinion, there should be FDI, but also there should be check in the products so that our own companies do not collapse due to foreign goods at cheaper rates.

Hello everyone, its a very good topic to be discussed I want to say that FDI in retail sector is good for developing country because it will help to generate tax revenue which can be utilized in other sector and at the same time it will increase employment opportunities and people will get variety of product at less price and the important part is that farmer will be benefited by this because of the elimination of middlemen from retailer to farmer the organisation will buy product direct from framers and they will get fair price for their product but at the same time the government must put certain restriction and proper strategy to support farmers and poor people like the benefit should not be limited to big organisation.

More than 270 million people are currently a part of this sector that is largely unorganized. With FDI in retail the same shopkeeper has an opportunity to be a part of the organized sector with access to more products in the portfolio. This sector will bring with it the warehousing technology such as RFID in its supply chain thus ensuring transparency in the entire system and ensuring that all the taxes direct and indirect are paid which contributes to the growth of the economy and infrastructure needs of the nation. In the unorganized sector currently a lot of this is going unnoticed leading to evasion of taxes that robs our government access to funds that are necessary for development. As for people losing employment due to mega stores opening up, I have a different take, the same people will be an asset in the organized retail sector owing to their extensive experience thus generating employment for people.