Everything has pros and cons. FDI in retail too...
Many appreciate it as it does allure everyone but it is hard to see its dark side at once.
India is a developing country suffering from issues like increasing population and unemployment. I cant see in any way FDI can increase job opportunities. It might be for the smart and educated section but what about uneducated and poor people,(basically for whose development government talks. These people who earn their livelihood by involving in small businesses or as workers in retail sector will be just thrown out of jobs left poor again.
This will ultimately increase the gap between the rich and poor. Unless this gap is made least India can never come under developed countries.
Allowing FDI is allowing foreign market to set up in our country and destroying our own.
Its just the same as we used to read in fairy tales, 'A house made of candies, no one gets to know that the wicked witch resides inside...'.
Comments (3 so far )
i mentioned in the very beginning the pros n cons :)