Skip to main content

Is FDI in retail in India beneficial?

From the economist point of view, if you consider FDI in retail, it is really a good and commendable step. FDI in India is a must, considering the economic crisis following India. India till now has not been affected by recession like the European countries faced it, Its now the second major recession in just three years including the recession on 2008. But India due to its strict economic policies survived both the recessions.

But its not a moment to be happy for India, as though recession of west did not hurt India largely, but the recession which is now approaching and ready to engulf India on its own is the inherent policies of Indian govt.
If by the end of 2012 govt of India don't take some bold steps to invite foreign investment, then there may be chances that India will too be engulfed into another recession created by his own inherent policies.

Govt of India need to take bold and strong steps like inviting major MNCs and manufacturing sectors who are waiting for Indian govt's approval to enter and start their large manufacturing unit in India, due to the large prospects they see in India. Almost all the major brands of the world, including Ferrari, apple, Walmart and Motorola want to enter Indian market and provide their service to India.

The manufacturing units like Walmart, Harley davidson will help India to collect enough foreign exchange that, the ratio of US Dollar to INR (Indian rupee) will dip down to the lowest. More the investment, more will be foreign cash inflows, more capacity to buy things. That is the importing capacity of India will be almost double through FDI. Petrol prices will dip down and hence the prices of all other commodities will decrease substantially. This all are directly or indirectly related to the FDI.

FDI in retail particularly will help to reduce the commodities prices to go down to very low as it will minimize the extra charges levied by the wholesaler, distributor and retailers in the process. This FDI in retail will also save many lac tons of foods and grains from being rotten, due to cold storage facility.

If we go through the words of retailers of India, that this FDI will affect the 5 crore retailers, then this is simply baseless, as it will never affect to that extent, though it will surely affect some of the retailers in the big cities of India, which has by now the population of 1 million+. So, on an average 30 to 40 lac people will be affected and they may need to change their course of earning revenue.
But only due to these 30 to 40lac people, we can't ignore the rights of 118 crore consumers who has the right to buy the commodities at the lowest possible prices.

Now its on the UPA govt to decide, whether it should go for vote bank tactics or take a bold decision like Indira Gandhi used to take her decisions.

Comments

Popular posts from this blog

Meta Movie Gen: Revolutionizing Multimedia Creation with the Most Advanced AI Media Model

Meta has unveiled "Movie Gen," the latest and most advanced media foundation model developed by Meta’s AI research teams. It represents a significant breakthrough in multimedia content creation, enabling casual creators and professionals alike to generate and edit high-quality videos, audio, and personalized media with ease. Meta Movie Gen is touted as a foundation for ushering in the next wave of media content innovation, addressing everything from video and audio generation to personalized storytelling and fine-tuned video editing. Overview of Movie Gen Meta's Movie Gen includes a suite of models aimed at tackling the most difficult challenges in media generation and editing. Central to this release are two key models: Movie Gen Video and Movie Gen Audio , both of which leverage large-scale transformer architectures to produce high-quality content from simple prompts. The models are particularly notable for their ability to scale, producing high-definition video and im

Know about Mahatma Gandhi, Gandhi Jayanti and International Day of Non-Violence

'Gandhi Jayanti' is celebrated every year to mark the birth anniversary of Gandhiji ( Mohandas Karamchand Gandhi ), popularly known as Mahatma Gandhi, 'Bapu' or the 'Father of the Nation' in India. Gandhiji is a symbol of peace, non-violence and humanity. He was the protagonist of Peace. If you land on this page to know all the recent updates happening in the name of Mahatma Gandhi, this is certainly the best place, as we keep tracking each and every detail of any happenings around the world on Mahatma Gandhi. But if by any chance you land up here for some Mahatma Gandhi Quotes , you can check this link . Mohand Das Karamchand Gandhi Timeline of Mahatma Gandhi (Memories & special mentions of Mahatma Gandhi)↓↓↓ 23rd August 1947 -  " МАНАТМА GANDHI - The 20th Century Prophet " is the first documentary on Gandhiji made during his lifetime by A.K.Chettiar (1911-1983), a travelogue-writer, journalist and documentary filmmaker f

How to Use ChatGPT’s New Canvas Feature for Coding Projects

In its latest update, ChatGPT has introduced a game-changing feature for developers: Canvas . This new interactive workspace is designed to streamline coding and writing tasks by providing an enhanced interface that promotes collaboration, precise feedback, and version control. In this article, we’ll delve into how Canvas works, focusing on coding projects, and provide a step-by-step guide to maximising productivity. What is Canvas? Canvas is a visual space within ChatGPT that enables you to collaborate more effectively on coding projects with AI. Unlike the traditional text-based chat interface, Canvas offers a more interactive and structured environment. It allows developers to interact with code directly, highlighting, editing, and tracking changes in a way that fosters a real-time collaborative experience. Whether you're debugging, refining algorithms, or porting code to a new language, Canvas provides tools that help make your coding process smoother. Key Features of Canvas fo

Know about Swami Avimukteshwaranand Saraswati

Read about Swami Avimukteshwaranand Saraswati Ji's updated story here and the controversy around Shri Ram Janmabhoomi 's inauguration or Pran Pratishthaan:  Swami Avimukteshwaranand Saraswati: A Hindu Leader Fighting Against Religious Conversion Swamiji was born in Brahmanpur in Pratapgadh district of Uttar Pradesh. For the last few years, he has been living with Swami Swarupanand Saraswatiji Maharaj who is Shankaracharya of Jyotish pith in math. He is performing his duties towards math along with doing his study. Swamiji started doing Sadhana when he was 5 years of age. He has acquired knowledge of many Holy books and is the editor of one monthly magazine named Shri Mata. The goal of his life is nothing but to obey the orders of the holy Guru. He is constantly working towards making the river Ganga free from pollution and stopping the conversion of religion with the help of inspiration from the holy Maharaj. To date, he has liberated lakhs of people by helping them to enter

How to Create a Music Video Using AI Tools: A Step-by-Step Guide

Artificial intelligence is revolutionizing content creation, enabling individuals to produce complex media like music videos without needing advanced technical skills. With the help of various generative AI tools, you can easily create a fully produced music video in a matter of hours. In this guide, we’ll explore how to harness these AI tools to create your own music video. Let’s dive into the process, starting with a fun hack that stitches together several generative AI tools to turn your creative vision into a reality. Table of Contents Overview of AI Tools for Music Video Creation Step-by-Step Process to Create a Music Video Gathering Inspiration and Initial Text Generating Scene Descriptions Creating Visuals with an Image Generator Turning Images into Short Videos Writing Lyrics with AI Generating Music with AI Stitching It All Together Benefits of Using AI for Music Video Creation Final Thoughts 1. Overview of AI Tools for Music Video Creation Several AI-powered tools can be comb

Know about multifaceted Odia Playback Singer Sandeep Panda

Sandeep Panda  (born: 23rd July 1995) is a singer, music composer, lyricist & producer, Sandeep mostly works for Odia film Industry. Sandeep Panda is one of the emerging new talents from odisha. Sandeep debuted with his own composed video song "Love - A mistake" which was released on OdiaOne channel, his cover of "Kalank" song has more than a million views. Sandeep Panda Early Life Born in a modest family to father Manoj Panda and mother Padmabati Mishra in Dhenkanal, started learning Hindustani classical at the age of 8 from guru Ganesh Mishra but later moved to Bhubaneswar. Though having classical background Sandeep likes making soft romantic and rock music. Sandeep gives a lot of credit to his father because he was the one who wanted him to be a singer. He started doing shows from the early age of 10 and soon he had numerous awards in his craft. After completion of B.Tech from GIFT Engineering College, Bhubaneswar he moved to Pune. During his

Exploring Balda Caves (Deomali), Koraput - A Nature Lover's Paradise

If you're a nature enthusiast, the Balda Caves (Deomali) in the Koraput district of Odisha, India, should be on your bucket list. Deomali, located in the eastern Ghats mountains, is the highest point in Odisha and is surrounded by lush green valleys, stunning waterfalls, and acres of nature. Koraput is a must-visit destination for anyone looking to get away from the hustle and bustle of city life and immerse themselves in nature's beauty. The district is bordered by Rayagada in the east, Bastar District of Chhatisgarh in the west, and Malkangiri District in the south, making it an ideal location for adventure seekers and nature lovers alike. Deomali Deomali (Koraput) The history of the Koraput district dates back to the 3rd century BC when it was inhabited by the Atavika people. Over the years, the region was ruled by several dynasties, including the Satavahans, Ikshvakus, Nalas, Ganga kings, and Suryavanshi kings, who nominated the Koraput region before the arrival of the Brit