The biggest advantage of FDI in retail sector that there would be initial flow of money to India & they (means MNC retailer ) would bring latest technology in storage , transportation & food processing segment . There would be overall improvement .
But major disadvantage is that imbalance between import & export would increase . The India would suffer in the same manner when East India Company started business in our country . Initially everyone welcomed , but later on they overpowered whole country . India is the one country where our enterprises are facing heavy tax regime whereas China is having lowest taxes . It is therefore in China , FDI has proved a boon for them .
Instead of the FDI we must improve our own companies so that they become global leaders . Reduce ED & all kind of taxes , reduce power tariff to enable Indian companies to outsmart China. To make India a Global hub , give incentive to R&D . Reduce government expenditure .
Re: Need for level playing field for indian companies
by Indian on Sep 18, 2012 09:40 AM
This is too much of a naivete to think that allowing FDI in retail means East India coming back into India ! This is nothing but distortion of the reality. East India came with army, guns and captured territories, when the India was not India but hundreds of small states. They were able to dictate terms due to their military powers and not because we traded with the foreigners. The history tells us that India had business trading with many countries even before the British came to India & was instrumental in India's prosperity at that time.
We already have so many MNCs working in India in various fields like Manufacturing, Banking, Trading etc. ... they have not acted as East India Company. The why FDI in retail is being tauted as one ?
Let's stop spreading rumours. It always boomrangs. We can't fool all the people all the time.
Re: Re: Need for level playing field for indian companies
by Hebbar R on Sep 18, 2012 10:07 AM
These apprehensions are not without reason. War in those days was only with guns. But, now it is also economic. It is quite possible that FDI was thrust on India by means that are suspect.
Re: Re: Re: Need for level playing field for indian companies
by paper india on Sep 18, 2012 10:15 AM
Take the chill pill ! If you think India is doomed, shift to Pakistan, Peru, Samoa, Papua or Liberia.
The biggest advantage of FDI in retail sector that there would be initial flow of money to India & they (means MNC retailer ) would bring latest technology in storage , transportation & food processing segment . There would be overall improvement .
But major disadvantage is that imbalance between import & export would increase . The India would suffer in the same manner when East India Company started business in our country . Initially everyone welcomed , but later on they overpowered whole country . India is the one country where our enterprises are facing heavy tax regime whereas China is having lowest taxes . It is therefore in China , FDI has proved a boon for them .
Instead of the FDI we must improve our own companies so that they become global leaders . Reduce ED & all kind of taxes , reduce power tariff to enable Indian companies to outsmart China. To make India a Global hub , give incentive to R&D . Reduce government expenditure .
The biggest advantage of FDI in retail sector that there would be initial flow of money to India & they (means MNC retailer ) would bring latest technology in storage , transportation & food processing segment . There would be overall improvement .
But major disadvantage is that imbalance between import & export would increase . The India would suffer in the same manner when East India Company started business in our country . Initially everyone welcomed , but later on they overpowered whole country . India is the one country where our enterprises are facing heavy tax regime whereas China is having lowest taxes . It is therefore in China , FDI has proved a boon for them .
Instead of the FDI we must improve our own companies so that they become global leaders . Reduce ED & all kind of taxes , reduce power tariff to enable Indian companies to outsmart China. To make India a Global hub , give incentive to R&D . Reduce government expenditure .
I hate Congress but FDI in retail is one policy that will benefit the consumers. The businessmen will become competitive unlike now. The business people are looting us now and they are rolling back on giving us the service due to us for being their customers. But with FDI in retail, we will be the ones who will be benefited and so enjoy brothers. The days of price fall will start very soon
Re: Who said Walmart is not there in India
by Common Man on Sep 17, 2012 05:27 PM
Now with 51% FDI, the govt had exposed Indian economy to the world economy unlike the way we were insulated when American Economy collapsed in 2008
Re: We will repeat USA
by Indian on Sep 18, 2012 09:17 AM
Some will close down but many would survive by learning new skills which would benefit the consumers.
The Indian market intermediaries i.e. the Kiranawallas, the wholesellers, distributors have been taking the Indian consumer for a ride for too long. It is time they learn to respect Consumer Rights and pay the producers their due.
It is to early decission,bcs of this we are cutting bussinessmen work force, country need more bussinesmen work force through that we fight again any kind of crices ,why we become staff of out sider insted of making them our staff,we have deliver strong msg that we have power to sattel any kind of situation.
