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.

I think its good for Indian GDP as it can boost the current GDP speed moreover different industries will be investing and providing employment in India.

> 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.

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.

Hello, everyone.

All of you said very well.

I respect all your opinion.

But according to my point of FDI in India is good. Because they invest much-needed money it leads the nation economically strong as the Europian countries. India is also suffered from unemployment problem FDI creates job opportunities for the nation. FDI makes the competition in the market increases because of everyone like become no 1 that leads the Indians also put more efforts to produce the quality of the product. This competition in the people will get the quality of product with cheaper rate. We also get a more tax from FDI that leads economically strong. Govt make strict rules it's definitely more helpful.

Hello everyone,

According to me, foreign direct investment is good, and necessary for India in its developing stages. But some terms are to be considered. Like the first and foremost beneficiaries should be the Indians. Like according to the brand name it takes, it suggests that the major share of the economy goes to the investors leaving the working staff without any benefit. So if plans are made to benefit the staff, FDI is probably good.

Hello, everyone.

All of said very well.

I respect all your opinions.

FDI is a good MNC, it is in the retail sector for India.

Hi, friends.

My name is Rishikesh, I appreciate what you all said about it but in my point of view FDI to some extent is good for India, it will not only make the market competitive but will increase foreign exchange also. It means to kill two birds with one stone.

Yes. According to my point of view, FDI is benefit for our country it will create a competitive market. Our people will get jobs in that companies.

It's good for economy.