A Great conversation is going on in India about FDI.
Would it help in fullstoping inflation ?
Would it help to grow GDP?
Would it help in overcoming unemployment?
Would it help in India’s relation with foreign countries?
Would it be helpful to poor peoples?
Would it grow India’s vision in retail?
There is a question after every quest. Any body knows or would like to reply for it. Even I asked all our politicians to reply in a definite manner, and not by wasting public money by discarding parliament and by organizing India Bandh. Making common man more in trouble. If any of you want to say come on in an open debate and offence/defense it.
India’s Commerce Minister Mr. Anand Sharma said the cabinet’s decision to allow foreign retailers such as Wal-Mart Stores Inc. (WMT) and Carrefour SA (CA) to open outlets in the country will create up to 10 million jobs and give farmers better prices. “This will provide the scales to encourage domestic value addition and manufacturing, thereby creating a multiplier effect for employment, technology upgradation and income generation,” “The policy rollout will cover only cities with a population of more than 1 million.” As per 2011 census, of 7,935 towns and cities in the country, only 53 cities have over 1 million population. Conditions for foreign retailers opening stores include having to invest a minimum of $100 million. At least 50 percent of that money must be spent on backend infrastructure and 30 percent of produce must be bought from small industries.
Is this government again want to established a New East India Company? Or having a new company in India with only some extra stokes which would get ruined our small businessmen in retail.The ancient era is being telecasting again, its all upon us how to have the better side of it.
Wake up my dear politicians and public.
