India is not in it's 17th century but in the 21st century!!We no longer serve as slaves under landlords wasting our time in war cries and feudalism.We as Indians have made our mark as businessmen,innovators,scientists,technologists,artists etc across the world.Indian women have done us proud as efficient astronauts spending months together in space.
Apart from all this,I'm sure we have more to offer to the world.Why then has FDI become an issue of such widespread debate in our country?
FDI(Foreign Direct Investment)in multi brand retail is a positive move and is not detrimental in any way to our country's growth.Rather it comes as a boon when our country is reeling under inflation and burdened with unemployment. Multi brand retail through international chains like Walmart and Tesco will not only bring these organisations huge profit but also create jobs for the locals,bring down inflation and improve the GDP which has only been dropping since recession has arrived.It would also ensure availability of multiple brands under one roof,thus providing variety and ease of shopping to the consumers.
When food chains like McDonalds and KFC had invested in India years back,people feared that local food chains would suffer.But it has not been so.Instead it has only brought about more competition in the market.Why then FDI in multi brand retail being assumed as the return of the East India Company?
To feel that a positive response by the Government of India towards FDI will make our country an ideal choice for foreign investors who look for a promising market and a wide consumer base.And hence for a country like ours,with its proven diversity in people and culture, FDI comes as a welcome move.
Apart from all this,I'm sure we have more to offer to the world.Why then has FDI become an issue of such widespread debate in our country?
FDI(Foreign Direct Investment)in multi brand retail is a positive move and is not detrimental in any way to our country's growth.Rather it comes as a boon when our country is reeling under inflation and burdened with unemployment. Multi brand retail through international chains like Walmart and Tesco will not only bring these organisations huge profit but also create jobs for the locals,bring down inflation and improve the GDP which has only been dropping since recession has arrived.It would also ensure availability of multiple brands under one roof,thus providing variety and ease of shopping to the consumers.
When food chains like McDonalds and KFC had invested in India years back,people feared that local food chains would suffer.But it has not been so.Instead it has only brought about more competition in the market.Why then FDI in multi brand retail being assumed as the return of the East India Company?
To feel that a positive response by the Government of India towards FDI will make our country an ideal choice for foreign investors who look for a promising market and a wide consumer base.And hence for a country like ours,with its proven diversity in people and culture, FDI comes as a welcome move.
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