Congressi politicians have deposited crores and crores in Swiss banks, it is through FDI they want to bring that money back to India. Anyhow for short term the rupee may appreciate. FDI is not panacea to all our problems, our country is very large and with huge population, any amount of FDI absorbed and after few months the dollar will again start appreciate. Instead we should increase productivity, control population, build infrastructure, have good law and order, rest will follow by itself. But of UPA govt is doing exactly the opposite, 1)Not controlling population 2) No law and order only corruption 3) No infrastucture $) Let the country go to dogs!!
There is so much dependent on the economic front where a bipartisan approach is absolutely vital. The opposition may have some objections but these can/should be sorted out with amendments instead of a blanket NO. The bJP have nothing to gain by their obstructionist approach as they will have to face the same problem if they win an election and get back to power. By a pragmatic approach to economic policies, they can win the confidence of the electorate that they can handle a difficult economic situation. But theye should remember they will also have to depend on small parties to support them. This pragmatic step may bring them enough seats not to depend on unreliable partners. We need a visionary and not lawyers or contractors to depend their policy.
Yes if FDI comes freely, Rupee will rise, we have negative trade balance since 1947, unable to understand, why govt. allowed to keep a car by an individual when petrol, roads, energy is all imported and insufficient with own resources. Govt. is totally responsible to increase the consumption of petrol/diesel, which is a major single item of our imports.
There is not an iota of doubt that there will be 'Pink' in the Economy if the FDI in retail is opened up. But, this will be a short term gain and in the long term, it will adversely impact small scale producers in India. The lack of Infrastructural development for several years is what the Government is trying to mask with this 'reform'.
The politicians, if see things in a dispassionate manner and look at the larger national interest rather than their present attitude of "objecting everything", can make rupee soaring heights.
