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.

Every coin has 2 sides. So if we talk from customer's point of view, FDI in retail sector will be beneficial as we will have varieties of products with good quality.

And Talking from local seller's point of view, FDI will be a hindrance to our business as there will be stiff competition from foreign companies which can lead to falling in revenue for our business.

And lastly, talking about impact on job opportunities in India due to FDI, so at present India is doing pretty well in terms of maintaining relations with foreign countries, then be it importing electronic goods from China, importing crude oil from Saudi Arabia etc but unemployment rate in India still remains unaffected at 5.7 and now it has been found that in 2018 it will increase to 5.80.

So According to me, FDI in retail sector should be prepared less, as it will hamper one of the initiatives taken by Prime Minister "Make In India". In case of FDI, mostly foreign companies will prefer to employ their own people and make products in their countries and selling it to Indians earning huge amounts of profit.

Hello everyone.

As we all, know India started to liberalize its economy in 1991 so as to globalize Indian economy. Till now FDI has changed the way buisnees are run from pre L.P.G reform era. Regarding FDI in retail is concerned goverment has allowed 100% in single brand with some restrictions regarding local sourcing and 49% in multi brand retail sector. Retail sector in India is an unorganised sector with 90% or more business done by local shop owners such as kiryana shops , departmental store owners.

Benefit of FDI in retail sector could be:
1. Benefit of scales which further leads to reduction in cost and same product available at lower cost.
2. Improvement in infrastruture such as cold storage which in result reduces wastage from farm.
3. More tax compliance as organiszed player enter the market.
4. M.N.C which bring in FDI also integarate Indian economy with rest of the world which allows our product avilable in other country and vv.
As more FDI is coming in India we are moving towards organized retail market with players such as walmart, reliace etc

Yes, I think our ruling party has taken a good initiative in India. Actually, the main theme is to provide a business hub and income hub environment in 25 sectors. I think people in our country are divided into three classes. Higher class think to get a good education and go abroad to work in foreign companies. The Middle class has no so much intention. They educate their wards to serve within own country either as a govt servant or a business man. And tehe lower class has neither money and nor good education. In this term, the technical method of foreign countries can be available in India. Which will affect all communities in retail and wholesale sectors.

It will reduce the rates and taxes levied on the items. People will be encourages to invent their own. Small Indian companies will be healthy in relation with foreign countries.

Nowadays we are importing many retail items for our daily use which are made by china, japan, etc. Though the initiative has not got a good speed, I think the FDI will be the good method to boost up our economy in all sectors.

Yes, it is good as much as the weightage given to small industries by our Indian government start to utilize the pure benefits of the flowing money invested properly with the help of highly efficient controlling officers of FDI fund inflow. And unemployment should go vanished by the trending Technologies whereas some training and development should initiate the awareness of digitalization techniques as well as continue fruitful debates &competitions among college students, youngsters about industry & it's employment requirements. Cumulatively all these steps taken against covering up unemployment, increasing exports by flowing FDI money rather loosing the complete control of our Indian domestic market. PL request everyone to take the advantage of what's latest trending irrespective of the product belongs to any country and create more spaces for our own Indian products shining newly never opposed by other countries to purchase our Indian products at any cost where in the quality of products is our key.

> Until 2011, FDI in multi-brand retailing was not allowed in India.

> In 2012, 51% FDI was allowed in multi-brand retailing, opening doors for international companies to show their presence in retail sector.

> This has helped to rope in new skills and new technology in the retail market.

> In 2015, 100% FDI in single brand and multi brand retailing was announced by the Modi Government.

> FDI makes this particular sector more organised.

> Foreign exchange brings a boost to Indian rupee.

> Increases employment, and competition.

> In countries like India, Malnutrition is a major problem. Whose direct or indirect cause may be the unhygienic or improper storage of goods in the retail outlets. The presence of foreign companies assures a better product improving the quality of product available for end customer at affordable prices.

> Therefore, Foreign Direct Investment in retail sector is a boon for India.

According to my point of view, FDI in retail sector in India is a way to get out of some trap like intermediaries and high cost.

As far as farmer is concerned they are going to get benefit directly selling the product to retailers and now the storage and transportation is on hand of retailers. And availability of new technology to store and transport the products the wastage of agro products could be reduced.

And on the other side in the era of globalizaTion. Market is open for all and companies inflow as FDI bring technology, ideas, competition. And companies also paying taxes to our government that just increases the revenue. Consumers are getting benefit of their choices and competitive market providing us quality product.

Now we should not be more conservative to talking about our culture, tradition and PEOPLE OF INDIA.

Let give a chance to INDIAN enhance their living and fulfill their choices with the use of quality products.

On the FDI regard I reckoned that FDI policy is good for India but it will be totally absurd to convey that we should not appreciate FDI because at the end of the day FDI will revamp or inject competition in the market which will apparently help out the small business to compete and upto the level of the foreign company. But on the flip side of this policy, there should not be totally 100% liberal for this policy in India because it will drastically effect the small business in India and we will be totally depended on the foreign company which I fill is not a good sign for the developing country like India.

So, in nutshell what I want to urge is that there should be a balance between the FDI investment which will eventually help the economy of our country to grow in balance way abreast injection fresh technologies in the economy and helping the small business to upgrade them-self to the level of the foreign company.

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.

Yes, I think FDI is good because as we know that Indian economy growing so fast it's the horizon of new sunrise nowadays but still we are in fiscal deficit FDI is the medium to fulfil this deficit. The retail sector is on fire E-commerce company increases so fast it needs an investment of money And FDI is a good option. Of course, FDI creates unemployment in our country so 100% FDI is not permissible at all. Small industries totally destroy by this big company which leads to monopoly in the field of retail business even though the competetion between the native company and foreign companies are very high this leads to a production of great quality product and goods it's the best way to improve the quality of goods and services because a healthy retail sector is alive only if the opposition has a great deal of benchmarking. Thanks.