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Is Foreign Direct Investment (FDI) in retail sector good for India? - Group... http://www.indiabix.com/group-discussion/is-foreign-direct-investment-fd...
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Mritunjay said: (Tue, Dec 10, 2013 09:38:25 AM)
FDI in Retail sector, I think that its best of any market not only retail market because Foreign direct investment is an connectivity of national currency and international currency, We invest money and we get it in dolor price and we get extra benefit for this type of investment and our Unemployment rating is goes down.
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Hemu said: (Thu, Dec 5, 2013 11:01:26 PM)
Hi friends! according to me FDI in retail sector is that positive step which INDIAN govt took very late. Its a great step taken by our government because it will allow foreign direct investment in our country which will not only boost our economy but also will create a lot of employment opportunities. We talk about saving our local kirana walas but we forget that this kirana walas are the person responsible for child labour because almost all of them has child labours which are paid in very less amount. Imagine the pain that FMCG companies goes through and those extra cost in distribution which they incur due to highly unorganized retail stores, the traffic they create on roads, the unfair competition they promote, the farmers who are not getting what they deserve for their agri products, the employees who are getting very less salary. All this problem can be dealt in one shot. It will be beneficial for farmers also because there's a clause in FDI which says that 30% of the procurement has to be done from the local farmers. Its a win win deal for all of us.
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Srinivas said: (Thu, Dec 5, 2013 11:58:49 AM)
Allowing FDI into our economy is not at all good for us, due to FDI many small stake holders are going to face problems. It causes more unemployment in India as we all see many people who had excellent academic backgrounds are still remains unemployed. So due to lack of job opportunities many of the people turns their attention towards business. There is no concern about small or big. FDI helps our economy on one side but it damages our pride on many sides. I am not saying that FDI should not be allowed, it can be allowed but the role of FDI in our economy must be limited. Our government must give preference to our own products.
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Mangai said: (Wed, Dec 4, 2013 11:51:16 AM)
Hi friends. In my point of view, FDI is not good for India. Because, Foreign direct investments affect the domestic market and the retailers in India are much affected by FDI. Cheap imported goods may wipe out Indian products. Local farmers will get benefit only if these companies procure from them. What if they don't? So, FDI is bad for our economy. Thank you.
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Nikhil said: (Sun, Dec 1, 2013 08:06:33 PM)
Hi everyone. FDI in India has its own pros and cons, if we look at the brighter side. 1. Fdi brings a lot of forex to our country, it strengthen our economy by reducing current account deficit of our country. 2. If I'm not wrong, it will generate at least 8 million jobs. Unemployment, which is one of the major threat in our economy will subside. 3. It will create market competition, providing immediate benefits to Indian customers by providing quality product. 4. Many points are already discussed by friends. Now if we look at darker side. 1. Our local retailers and shopkeeper will feel insecure. 2. The mnc will have monopoly. But if we have holistic approach we can easily mitigate the drawbacks.
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By implying stringent rules and regulating the mnc will reduce their monopoly. In rural areas shopkeeper still will have upper hand. It all depends how our government and bureaucrats handles this opportunity. Thank you.
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Vikas said: (Sun, Dec 1, 2013 02:57:01 PM)
Hello everyone. FDI is good for our economy. As India is a developing country. We can't make progress so effectively without the help of foreign investments. The main reason for GDP decrements was that foreign companies had stopped investing in India. And the result come from it was the GDP of 4.2 in the month of September. India again started progressing and GDP again raised to 4.8 till now according to BBC news. Moreover, If you are thinking of cutting the snake's head it is just like destroying yourself. But one thing we can do is Holding tightly the snake's head.
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Himanshu Bansal said: (Sun, Dec 1, 2013 12:27:16 AM)
Hello friends, FDI in retail sector gas advantages for Indian economy because: A. Fdi in retail sector is beneficial for farmers as it eliminate the role of middlemen who earn huge amount of commission from both sides i.e. farmers and retailers. B. Increase the employment opportunities. C. Infrastructure will be developed which reduces the wastage. D. Enhance the GDP of our country.
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Evagreen said: (Sat, Nov 30, 2013 11:52:59 PM)
Hi friends, If we see the Indian economic conditions since independence, we can clearly say that India is not self-sufficient. Measures like FDI will open opportunity for business, jobs, with this technology will come, competitions will be there, which we need for our development. Again, in FDI policies, there are reservation for controlling the foreign companies, they will deal with our indigenous small/ big producers for their intake.
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Manju said: (Fri, Nov 29, 2013 09:04:11 PM)
Hi friends, I think every thing in the world is having good impact and bad impact also. Its depend on us how we are using it, overdose of everything is harmful. In the case of FDI also. If government control the access of FDI in Indian market, we can get all the positive result as earlier discussed like we can get better employment opportunity. Instead going abroad we can get better job in India itself. We can better technology. Variety of products at low cost.
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Ami said: (Fri, Nov 29, 2013 02:44:16 PM)
Hi friends good morning to all of you. I would like to say that due to FDI absolutely our economy is increased but as we have not proper plan to storage the grain and vegetable. But if we developed these technologies ourself then more no of employees and our economy is increased.
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For example in India no one manufacturing company is established in electronic field from which we have to export these devices and our economy is decreased. So at last I want to conclude that these are developed ourself not for other countries. Only we should take a idea from those country where fdi is established.
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Pradeep Singh said: (Tue, Nov 26, 2013 09:12:33 PM)
I really appreciate the FDI. As FDI is good for Indian economy because India being the country of rich economical resources but due to lack of technique and sources it is not able to utilize all those for the well being of Indian economy, so FDI will boost Indian market policy, many unemployed get evolved, Indian high rating goods improved with better quality, especially farmer will be benefited who are generally exploited. So overall it has rousing effect on the country.
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Pradeep Isukapati said: (Tue, Nov 26, 2013 11:37:45 AM)
Hi every one, I have read comments given by many and I am sure some are not having proper understanding on FDI. First of all I would like to bring some facts in Indian Scenario. 1). We are not having proper storage facilities to store the produce. 2). No proper logistics support. 3). More than 30 percent of perishables and 20 percent of food grains are wasted due to improper logistics and storage facilities. 4). Means for every 100 Kg produces 30 Kg are useless and thrown away. 5). Farmers are not getting good price for their yield and no guarantee of purchase. 6). Irregular prices because of no proper planning and execution. 7). 1/3 rd of product price only reached to farmer hand due to presence of many hands in between. With FDI there is solution to all. I ll explain how it is possible. 1). First of all infrastructure will be developed which reduces the wastage. 2). Farmer will get good price as middle men will be eliminated. 3). Some are saying middle men will loose their livelihood. But there is a option that companies can employ these middle men as procurement officers in which they are well expertized. 4). Quality of the product will increase due to specific quality standards the companies are maintaining. 5). Some stated that small retailers will be effected. No, it is very minimal. The foreign companies who ever having retail chains maximum are B2B, means a kind of wholesalers and can't be located in every place. There are some criteria to open a store which is not possible in all locations. Small retailers can purchase at more cheaper here and can do their business. 6). Some stated that these companies are paying less to farmers and selling at more prices and earning profits and taking money back to their countries. Remember you will get products more cheaper here than any other place. Their secret of this low prices is they do their business based on volume. For example if I want to purchase 1 cricket bat costing Rs. 1000 shopkeeper sell to me at hardly Rs. 950 keeping its original cost in mind. But if I purchase 100 bats then? automatically price comes down due to volume and my transportation cost is also shared to each and becomes minimal. This is how WALMART is saying EVERY DAY LOW PRICE. 7). Some stated that why we are not encouraging our Indian MNC, s in retail and running towards foreign companies. This is a competitive world and if we are not allowing others to do business why they will allow us then? and Indian economy will become stagnant if other players are not there. The way the global companies do business is not easy for all. We all know Mc' Donalds. It is operating in India since 1996. To open a store it has done six years of research in India and developed an excellent supply & value chain which made it top. If possible I suggest all once to check out the way of Mc'D procurement. All the major Indiam MNC's know how Mc'D is doing such good and then also why they unable to implement such kind. 8). These foreign companies are major source of Income as tax payers. 9). If our Indian companies are moving outside India and doing bussiness globally, Why can't foreign companies do
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business in India. 10). Some said that they employ highly skilled. No, first they employ and they train them. They employ people from surrounding localities and train them accordingly. 11). Huge employment opportunities will be created. 12). Indian economy will raise. 13). Customer will have wide range of choice for a product. 14). Due to competition companies try to provide products at low cost and more quality to customer by improving their supply and value chain. 15). Farmer will have ensured buyers and farmer becomes a suppliers. Due to more players the bargaining power of supplier increases and farmer can demand his price. 16). For small farmers the assurance will come in the form of Contract farming and vertical integration. In all the way FDI is more beneficial than harmful. But, only thing is Indian Government should be strict with some stringent rules and regulations which makes foreign companies to be under Indian ethics and prevent monopoly.
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Mr Batth said: (Tue, Nov 26, 2013 12:07:39 AM)
Good morning to all. As per our country economy is concern we are facing three threat right now. 1). Inflation which just crossed double digit mark (nov 10.12 as per gov survey). 2). Rupee depreciation which reached historical low @68.18 in august write now near about 62. 3). Current account deficit which gov trying to maintain at 4.5 mark. This is directly or indirectly related to FDI. As our country is lower developing country which mean we don't have funds (gov) to do all the expenditure on infrastructure development like bridges, gov school, food security bill etc technology advancement (except pharmaceutical, ISRO) , Walmart and many more. So by FDI or fii (liquid money) both bring money to our country which utilize by our gov to meet current account deficit like paying of import diesel and petrol bill and meet the expenditure of various gov program like MGNEREGA. So I m not in the favour of FDI but if it is meeting our demand for time being we should favour FDI even gov done that in past (100% FDI in telecom, FDI in defence increased to 50 % etc) to bring back the economy growth which is below 5% and stop rupee depreciation which is the need of the hour for our country right now until we reached the situation when we don't have to rely on this investment (FDI specially fii) to do our expenditure. So FDI is neither good nor bad but it is situation or economy condition of the country decide this. Thank you.
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Remya said: (Mon, Nov 25, 2013 03:46:44 PM)
FDI is some extent good to India and the people who believe it will eradicate intermediaries are not at all possible. If FDI comes the huge enterprises will come into picture and they won, t meet farmers directly to get the products, so that they need intermediaries to take care of that. The result will be fast growing intermediaries and the farmers will come into trouble again. So if the government would likely to start FDI, they should for see the consequences and want to take powerful measures to vanish the intermediaries. The FDI will create job opportunities for us and moreover we will get quality products at cheaper price. But after complete eradication of small retailers, the huge enterprises will increase their prices in the future. So it is good to the near future and will affect the economy very badly in the coming decade.
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Anish said: (Sun, Nov 24, 2013 09:55:46 PM)
In my opinion FDI in retail sector has advantages for Indian economy. If Foreign companies invest in India, our economy will boost. This will lead to more investment. Job opportunity arises. Gradually people livelihood will improve. Although India is a service sector, FDI investment may increase an opportunity for India to focus also in manufacturing sectors. This will makes India, a stiff competition for China and other developing/developed countries. Indian companies
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has to compete with foreign companies to sustain in the market which pushes Indian companies to focus more on quality of the product. This may increases our export of goods. As our Rupee falls to around 62.72 (23 Nov 2013) against dollar, it may reach 70+ in a few months if foreign companies shows unwillingness to invest in Indian market. This may leads to price rise of all products. To avoid that Government has taking steps to improve the flow of dollars in a market by relaxing the rules for foreign companies to invest in Indian market. According to E&Y survey, India surpasses China and US as most attractive investment destination. Undoubtedly, India will find a place to become one of the world leaders if it make a good policies for long run.
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Shubhash Sharma said: (Sun, Nov 24, 2013 08:26:37 PM)
Hello friends, Foreign direct investment are somewhat good as well as bad for retail sector. As every coin has two faces and hence foreign investment in retail has its advantages and disadvantages as well. (1). As most of us are quite familiar with the names of existing retail store i.e. Big bazaar found that are the goods are available in under one roof and time to time they announce some discount offers, or combo offers to attract consumers. We get quality products from these stores. (2). And any case of inferiority or malpractices of product can spoil the image of brand in the market and thus chance of inferior goods are very few. (3). On the other hand FDI also help in generating employment in country. (4). FDI in retail sector is beneficial for farmers as these bi retail stores directly buy goods from farmers which eliminate the involvement of middlemen who earn a huge amount of commission till now from both the sides. (Farmers and retailers). (5). FDI is also brings investment in our economy which is need of the hour. (6). FDI is not harmful for small retailers because despite of there attractive schemes they did not provide goods on credit which small or medium size retail stores do especially to regular customers. (7). It is not possible to set up these retail stores in rural area because of lack of demand and lack of infrastructure facilities.
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Prashant Pandey said: (Sat, Nov 23, 2013 01:02:42 PM)
Foreign direct investment is the investment by the foreign companies in creating our infrastructure like airports, ports, etc. This can also be in specific areas like healthcare, retail, hotels, etc. The foreign established companies will also open their stores in India. FDI has many benefits. 1. Huge investment in retail sector will make great employment opportunities. 2. At Least 10 million jobs will be created in next 3 years. 3. FDI will help farmers secure remunerative prices by eliminating middlemen who exploit farmers. 4. More efficiency in supply chains.
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Kannappan said: (Fri, Nov 22, 2013 12:35:24 AM)
Hello Everyone. Foreign Direct Investment affects retail traders, farmers and consumers in heavy time. The huge some of money which is being floated into this industry will not be withstand by the small time retail traders in this industry. So by which this small time retail traders will be vanished. So farmers have to sell their products only to these people, where the MNC will have upper hand. Farmers won't get the money as it would have been. And at last consumers, India is country where every section of people lives. In most of the cases, these small time traders are the lenders to the deprived sections. So if we are about to vanish that, we are going to affect the livelihood of each and every person of this country. I accept the fact that the middle men benefits a lot in present system, but instead of streamlining how could we collapse the
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system? It is duty of the government to provide with storage facilities, this is act of escapism which the government possess in form of FDI.
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Srividya said: (Thu, Nov 21, 2013 05:09:45 PM)
Hi good afternoon. In my point of view FDI in retail industry is a two edge sword. I support FDI in retail industry. 1) The economy of the country increases. 2) The prices will come down Where the quality of the product increases. 3) Now a days farmers are receiving only 1/3 of the price what actually customers are paying. Because of FDI intermediaries will be reduced. 4) We shall be provided with huge employment. 6 million people get job only on logistics. 5) We do have cold storage limited to certain feet. Among that place 80% is used to store potato's only. With FDI we can have proper cold chain infrastructure where we store large quantity of food products. India is one of the largest producer of fruits & vegetables With the help of FDI we can export them to other countries. 6) There is a large demand for cherry, peas & peanuts As there is no proper transport facility we are unable to use them we can over this with entry of FDI. 7) In India millions of children are suffering from malnutrition. FDI helps to accommodate food for all of them. 8) The organized sector is in infancy. With the advent of FDI the retail sector will be organized. Every thing will be fine only if the government add restrictions to the retail policy announced before they implement them.
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Kapil said: (Thu, Nov 21, 2013 03:23:23 PM)
They will use us. There will be no confirmation of the price that our farmers going to get because, in that case there will be almost no use of goods they are growing by our retailers. And if you think that it would be a better choice then psychologically we would do jobs under their foots, Moreover the profit would be either received by foreign companies or our so called Government will consume it. It is not the matter of having profit, it is like being used by someone. And about naukaries and all we don't have confirmation on either side. Thank you.
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Kapil Aryan said: (Thu, Nov 21, 2013 03:05:39 PM)
Hello everyone, FDI can do better for all of us in following reasons: 1. Other countries will pay attention to do so. 2. If our government take more taxes from them, increase in country's GDP. 3. Elimination of Slums. 4. If sellers doing job on smaller scale, they have to come together as a unit, and compete with them. 5. Better Job opportunity obviously. 6. Infrastructure will get developed. 7. Under one hut all you need is available.
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8. Competition will get higher. 9. Quality of the product will be maintained. 10. Better costumer service. 11. Economy will get better.
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Simranjit said: (Wed, Nov 20, 2013 02:24:15 PM)
Hello everyone, For me FDI can be a 2 edged sword unless it is regulated in a proper manner by the GOI. The Pros it holds: 1. Better products & technology in the market. 2. Competitive pricing. 3. Monopoly is avoided (this should also be looked over by the respective ministries to avoid any exploitation by either party, be it local company or the overseas company and the competition must be fair). 4. There is employment generation : a reform can be made by the authorizing body to Employ a certain fixed percentage of local talent. 5. Increase in GDP of the country by the revenue the companies generate and the taxes They would pay. 6. It makes a country stand in a good stead globally if they have all the International brands having their base in their country and having flourishing Businesses. 7. The nation becomes a much better investment destination, be it commercially. Or else-wise. 8. The Cons I think can be taken care of if the entire policy is well regulated and. The government keeps a strong foothold in the happenings in respective sectors.
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Poonam said: (Wed, Nov 20, 2013 08:54:00 AM)
Hi Friends, I would like to suggest my views on this topic. Everything in this world has prons and cons. Same with this. FDI is good for INDIA. Because our Economy is increase. People will get chance to get job. Small companies will get chance to actively participate in business. On the other hand we know we will become dependent on foreign companies. Our retailers are on small shops. Our small business become vanish. Enemy is enemy. If all small distributors of our country become unite they can give tough competition to foreign investors.
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Avinash Kripal said: (Tue, Nov 19, 2013 11:01:26 AM)
Hi friends my points for FDI: [1] At initial time FDI providing product very cheep rate that is not beneficial but after few year they capture all the market where they are. [2] Its as few after few year small business retail shop closed. [3] Totally depended on the foreign company. [4] After few year they are independent to increase prize as much they want because lack of local company competitors. We have to make our manufactures unit that is beneficial for our India. We want to make him economics independence.
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Prashant said: (Mon, Nov 18, 2013 10:33:11 PM)
The fear is rampant on the existence of micro medium small enterprises with the introduction of FDI. They will loss their existence.
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Ravibishnoi67 said: (Sat, Nov 16, 2013 11:06:32 PM)
Good morning everyone. My point view on FDI better for our country if our country get lots tax forms those companies. Benefits of FDI. 1. Increase of country GDP. 2. New technology come in India with foreign company if make a plants in India. 3. Increase the employment when foreign company make plants in India than required for workers and employment. 4. People get will be all commodities before one roof. 5. Farmers are get more money these Corp.
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Raghav said: (Sat, Nov 16, 2013 06:19:40 PM)
Hello my respected friends, I respect everyone's a Foreign investments provide a great impetus for growth to Indian economy. The continuous upsurge in foreign direct investments (FDI), allowed across the industries and sectors, has proven that foreign investors have faith in the resilience of Indian markets. A wise policy regime and positive business environment have also played catalytic role to ensure the continuous inflow of foreign capital in the India.
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Amjad Ali said: (Sat, Nov 16, 2013 02:51:48 PM)
Hello guys. In my point of view FDI is good for India because. 1. Different foreign companies will come. 2. Our economy will develop. 3. Competition will increase. 4. Availability of good product. 5. Reduction in import. 6. Increase in employment. 7. Availability of goods and services under one roof. 8. Reduction in mobility. 9. Infrastructure will develop. 10. Govt will be much active.
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Rishabh Machiwal said: (Fri, Nov 15, 2013 09:55:53 PM)
Hi friend FDI that is foreign direct investment is the recent times major issue to discuss upon. To my mind fdi policies may look lucrative and attractive initially as they are creating more job opportunities excess of taxes and much more but to the worse they are foreign invasion to our country. They will ruin our economy by eradicating small scale industries local goods lack of national income. Moreover they will disturb our cultural stability. So its time for us to wake up and move forward to remove every hurdle in our country's growth.
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Preeti said: (Fri, Nov 15, 2013 08:51:31 PM)
FDI in India is not actually Good due to the following reasons:
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1) It has exploited small retailers. 2) It has blocked qualified Indians with cheap labour. 3) The scope of the Indian market is limited.
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Shivam said: (Thu, Nov 14, 2013 01:27:24 AM)
Hello everyone, As far as my views are concerned FDI in Indian market will not stand for the development of Indian people and Indian economy. Yes I do agree with the point that FDI will bring employment but the question is that "to whom?", and the answer to it is "only well educated and smart people" but what about semi-literate population of our nation. We all know that our literacy rate is not so high to be capable enough to get employed in such a chain which prefers only well-educated people with good behavioural skills so it will definitely will not be beneficial for the people working on different shops and stores. And my friends a point to be concerned is that the number of such working class people is very high in India. Thanks everyone for being so patient.
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Raj said: (Mon, Nov 11, 2013 12:16:14 PM)
Hello everyone. From my point of view FDI is partially better and more not better for us. A) Government of India will get a lot of tax from those company. B) Increases GDP. Specially I want to say that if Indian gov want to improve our technical. Equipment than it is easy to growth of our employment in the country and I want to say that no any farmer will be taking the decision to suicide because all the crop of farmer will buy with good bucks.
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Sudhakar said: (Fri, Nov 8, 2013 11:52:15 PM)
As per my thought FDI is good for India if it is controlled manner. It contain following advantages. 1. It increases economic growth. 2. It eliminates middle brokers and buyer money maximum go to farmers. 3. By using FDI Farmers can earn more money and decreases their waste by using more storage area than now. 4. It create healthy competitive environment in market. 5. It increase quality of the products and lead to produce more number of product in the market. ABOVE ALL ARE POSSIBLE ONLY IF GOVERNMENT REGULARLY WATCH AND CONTROL THE FDI.
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Gopal said: (Thu, Nov 7, 2013 04:03:47 PM)
Hello friends, If Foreign Direct Investment (FDI) is implemented in India in retail sector It has its benefits and advantages. Benefits of FDI: 1. Employment of country will be increase- because If some foreign company want to set there plant here in India then The company require manpower as labour and more employees for the operation on plant and retail store. 2. Modern Technology will come in our country because Foreign company come up with latest technology in manufacturing like CNC machine, HMC machine.
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3. Infrastructure of country will be improved. 4. Government will get high amount of taxes from the company-this will increase our economy GDP. 5. Farmer will get good price for there crop. 6. Wastages of Crop will be reduced. 7. People will get all commodity below one roof. 8. People will get goods at lower price. 9. Increase in the efficiency of transportation process due Supply chain management. 10. Suicide of the number of farmer will be decrease because they will get good price for there crops. Disadvantages: 1. Competition in market will be increase between local retailer and foreign company. 2. Survive of local retailer will be difficult due to competition. 3. Corruption will be increase among the political parties. 4. Qualities of the Products will be decrease because due to competition among local retailer and foreign player. As, we have seen few month back that walmart are trying to invest in India and Indian government are not allowing foreign investor but after long discussion Indian government implemented FDI. In Developed country like USA, UK, England FDI are implemented from long time. Last year, In USA foreign player invested of $183 billion. Proper set of rules and Policies should be made by seeing advantages and disadvantages. Of implementing FDI in retail sector.
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Eshu said: (Wed, Nov 6, 2013 10:37:42 PM)
Friends I thinks fdi in retail sector is not good for India. As all my friends has already said that it will fall down our economy rate later on. Today our economy is decline day by day. Today people are more greedy toward money. And competition in market is increasing day by day. But why should we harm those poor people, vendors and local stores through FDI. At last I would like to say that thinks for the other, help for the other definately one day you will be success in every field.
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Jeny R J said: (Wed, Nov 6, 2013 11:33:57 AM)
Hai, In each and every situation there should be a positive and negative sides, considering our nation, it's developing and a mixed culture. FDI in retail sector may positively or negatively affected. Retail shops like Wal-Mart may be a destruct Indian retailers. Out flow of Indian currencies will be increased. Positives are it will gives a new face to our country, increased job opportunities. Purely it may boon to our nation also bane to our retailers. Thank you.
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Sarthak said: (Tue, Nov 5, 2013 11:39:59 AM)
Hi Friends, We must know it very well that we are living in a global society and we cannot move our face from FDI: 1 FDI increases the revenue of our country. 2 FDI improves the GDP of our country by serving the good quality of product range. 3 Implementing latest technology which increases the productivity of farmers and also they are updated with the current technology.
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Vidhya said: (Sat, Nov 2, 2013 10:18:08 AM)
Hi friends, Hear is my point of view on FDI. As they are paying much for our government, they must be earning much than they paid. So that it is much profitable only for them and not for us. It is a great bane for our country's economy. It is much profitable rather we are not allowing it in our country.
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Manish Kumar said: (Sat, Nov 2, 2013 12:22:48 AM)
FDI - This bill was passed in the parliament with a condition that market giants have to fulfill their 30% requirements from local Indian stakeholders and farmers. But few days ago Walmart completely disagreed with the norms and asked government to limit local sourcing to 20% only. Indian Government taking it lightly instead of resisting to it. Government May ease out rule for their shake of interest in coming days. I mean to say that they already started manipulating our rules instead of following it. Then how we can say that it is going to be helpful for us? Once they set up their infrastructure here they will take over our large market pool and engulf our small retailers. Many of us are telling that it will provide employment but what about them who will have to face stiff competition and market pressure having no large capital support behind. They may loose their business. A large section will suffer what about them? Who will take responsibilities of them? These companies will employ only selected and highly educated pool and their numbers will be limited. It's not so simple that they will employ anybody. Instead of promoting our market leaders and some Indian brand name like Big Bazaar, Reliance Trends, Sahara Q shop, etc. We are just giving out our resources to a completely alienated system to utilized it at our cost. Many foreign companies are charged in case of lobbying for their start up here. They will surely monopoly over exiting market because of their huge capital and political support. Farmers will suffer a lot because they have to provide best out of their field if they failed to do so companies are not going to pay them. If farmers are in a pact with them, during crop failure they will suffer more. Presently if farmers produces some sort of things though it is not in that exceptionally well condition but they earn out something for their living by selling it to "mandi bazaar" or some small retailers. But think when these small retailers are not there no more mandi bazaar then where they will go? They can't go to every house. It will be a chaos like situation for them. We can't let everything go out of our hands when our country is competing with outside world. We need to promote our small shareholders and farmers with better technology and transparent system. We need to find out other ways of economic progress and employment opportunities instead of relying on foreign world who once looted us and again trying to repeat the same past. There are hundreds of options available for us to grow ahead of them. We need to focus on that.
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Rahul said: (Fri, Nov 1, 2013 09:51:28 PM)
Hello Friends, FDI is better in some point of view and is not good in some point of view. As we know 70% India consists of villages, living on farming. If FDI enters into market, these farmers will sure be effected. There will be no demand for our products if people get habituated to FDI products. Its better to cut snake's head before it strike.
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Amar Sonar said: (Thu, Oct 31, 2013 11:59:28 PM)
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No, I think it will be better for India's economy to skip this FDI. Government should develope such a system that it will take care of all citizen, farmer should get good returns of their goods, This will creat system of our own which take care of all of us.
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Bidhurita Padhee said: (Thu, Oct 31, 2013 05:23:06 PM)
In my point of view it is a good perspective but at the same time FDI will hamper the small retailers who doesn't have much advanced technologies. Today everyone wants some improved facility which a Indian retailer cannot provide in comparison to a foreign retailer. This will also lead to failure for Indian retail industry.
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Apoorv said: (Wed, Oct 30, 2013 01:01:44 AM)
To be honest, I only have a few points that I jot down below: 1. FDI means more competition in the market between the existing and the new players which result in the production of better products. 2. It results in inflow of better technologies that are being used outside India which help in improving the efficiency of a firm. 3. More competition in the marketplace means lower prices for the customers. 4. Good number of variants are available for the products. 5. Increased employment opportunities.
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Archana Mishra said: (Tue, Oct 29, 2013 03:12:21 PM)
The given suggestions and piling opinion are autonomously right as per their concern fdi in retail market a boom or bane is an eternity debating issue. People may regard it as blessing or wrath in different perspective but the ground reality is that we are still lack of cure methods of for developing fdi's cons into pros corruption is the psychological phenomena we can't avert the existing scenario in one day to allow fdi in its fuller spirit first we need to check the nerves our political socio propaganda basic infrastructure is in acute shortage accompany with red tapist political structure the opportunist who are dancing to the tune of money will not provide the chance to economy to develop the opportunities for the nation as a whole so we need to make 100% correction in our vessels of political socio scenario then only we can think of 100% retail foreign direct investment.
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Soubhagyaranjan said: (Mon, Oct 28, 2013 09:33:48 PM)
HI Friends, myself SOUBHAGYA. Considering the topic that the FDI will affect our retail sector. Its obviously true that it badly affect the middle supply chain. By introducing FDI we"ll make the foreign investors wealthy as India has very growing market values. So introducing FDI may cause a economic grow but surely cause the downfall of the vast number of retailers which automatically become the headache again. So its not wise to implement FDI taking retailers in account.
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Aparajitha Chatterjee said: (Mon, Oct 28, 2013 09:11:21 PM)
Hi Friends ! The most recent development in FDI policies in Indian economy has been allowing the single-brand retailers to enter the Indian market provided they sourced 30 percent of their products from India, while similar permission has not yet been granted to multi-brand retailers. Before that, even single-brand retail was limited to 51% ownership and a bureaucratic process and completely denied multi-brand retail. I vehemently support FDI in India for several reasons which I state below :. Firstly, the obvious facts that FDI will bring better technologies into the market, increase competition among the local
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retailers compelling them to raise their standards to global level so that consumers can get better products and more choices at lower prices, help farmers and other raw material manufacturers obtain better prices for their crops, improve employment, introduce new products in the market etc. Apart from that, regarding the question of Foreign companies earning from Indian markets, we must not forget that even these foreign companies investing in Indian market have to pay huge taxes as levied by the government and hence again contribute to the growth of the economy. At present, India has the highest spoilage of food harvest in the world. Indian laws already allow foreign direct investment in cold-chain infrastructure to the extent of 100 percent. There has been no interest in foreign direct investment in cold storage infrastructure build out. Experts claim that cold storage infrastructure will become economically viable only when there is strong and contractually binding demand from organized retail. The local businesses have been provided with enough time since independence to develop themselves and be capable enough to compete in the global market. The market liberalization reforms undertaken by the Indian government during the 1990s has led India achieve a significant growth in it's GDP. China which has been liberalizing it's economy since 1980s and allows FDI with 100% ownership in retail, has recorded a significant growth. Lastly, there are several other benefits such as elimination or middle-men which will ensure better profits for the manufacturers and farmers.
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Manoj said: (Mon, Oct 28, 2013 05:37:14 PM)
Every policy have both advantages and disadvantages. If we allow FDI policy we will lose our sovereignty. It means they control our business. In money point of view it has advantages. But, losing sovereignty means losing freedom (of our small scale business) then it become bad to our values. This policy is not necessary if our politicians take care of our economy.
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Mohan Kvnr said: (Mon, Oct 28, 2013 04:00:23 PM)
Hai friends, this is mohan, As an Indian, everybody have to realize about the effects of the Foreign Investments on India and Indian People. Foreigners invests for their own shopping-malls, organizations and companies in India. Now a days people attracting towards shopping-malls. Due to this reason, Retailers and small-shopkeepers will shut down their shops and they choose other option. This makes the people become dependent on others who own their shops before. Because of FDI, they are using Indians potential and skills and they are earning. In my view FDI should be allowed only some sectors but not with the 100% share. Investment should be shared by Indian Government and FDI.
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Anuradha said: (Sun, Oct 27, 2013 03:49:44 PM)
Hi I am Annuradha. My point is that it has both effects on India. It increase the unemployment due to technology because technology decrease the employment. Due to these some people having a job and others are unemployed. If some people have a talent to develop some new technology they work in other country and this will increase the economy of other country. The FDI also effects the small scale industries.
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Dhamm Kirti Vikram said: (Sun, Oct 27, 2013 01:32:35 AM)
When any multinational company come to any developing country it brings to two most important things which are most important factors for the growth of country specially developing. These are sophisticated technology and financial resources. Generally there is the lack of these two ingredients of development in developing countries. Hence FDI helps the countries to grow. But there is also a dark side of FDI. The main aim of companies is to exploit the natural resources of the host countries. For example in South Africa FDI is bane because SU is the most diamond producing country but instead of the it is having highest level of malnutrition. Finally FDI may be boon or bane depends upon how the local government control it's functioning so as to take benefit.
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Neeraj Dagar said: (Sat, Oct 26, 2013 02:52:02 AM)
Good morning friends my self Neeraj I begin with the interesting topic FDI it means foreign direct investment and this rule is pass at 15 sep 2012 by the govt under some rules like they have to sell their products under one brand and investment up to 51% my dear friend as we all know coins have two side so FDI is also just like that but I would like to if FDI introduce in India defiantly it will be boost our economic as well GDP. Benefits of FDI in India are: 1. It will introduce the foreign currency. 2. Introduce the new technology. 3. Give employee opportunity to poor. 4. Give good quality of product in attractive price. 5. Give good rate to the farmer for there crop. 6. Good infrastructure. 7. Can purchase different things under one roof etc. Limits of FDI are: They will purchase all raw material direct from farmer and sell which will be result spoil the chain of all small retailers. SO I conclude the the topic FDI should be introduce in India but under some circumstances thank you.
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Rohit Kumar said: (Fri, Oct 25, 2013 12:28:31 AM)
Hello friends, I think FDI has more disadvantage than advantage. My friends already have discussed about it but I want to include another point that why people do not think that the companies offers the jobs to Indians and they call them to foreign and people do their jobs in out of our country and so increase the economy of other countries. Then how it is helpful for Indians. We all know that our most talented students are studying in IIT's and some good universities, now the students from these universities are get placed in foreign companies so our most talented portion is increasing the economy of others. So that's why I think it is not good for India.
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Sanwar Mal said: (Thu, Oct 24, 2013 02:49:51 PM)
I am sure that the government taken this decision very carefully for implementation. Any policy/rules has advantageous and disadvantageous both but it depends only on the way how we work in our country.
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Pankaj said: (Wed, Oct 23, 2013 08:14:51 PM)
FDI will surely help India in growing economy and increasing employment too. But the government should make effective policies so that we can gain more than to be ruined of by foreign companies. The total share should not be given to the FDI and power too, government should imposed certain regulation keeping in mind of small scale industries. If allowed in proper way than it can be beneficial for middle class to go for foreign brands and also can get maximum things at one place.
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Navneet Kishor said: (Wed, Oct 23, 2013 10:47:55 AM)
Good morning to everyone. Myself navneet kishor. From my point of view, FDI will helps us to find out a good and reliable products. It increases the competitions among the company which compel the company to reduce the price of product and to increase the quality of product. It also increase the foreign currency in India and strength the economy of India. It also provide a lot of employment.
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Amritanshu Petwal said: (Wed, Oct 23, 2013 09:44:36 AM)
Government increased the FDI limits so to consume black money by third party and it is very significant to find out the cash flow is FDI is from countries like Mauritius, Switzerland. Before election they want to get secured. FDI plays an important role as by providing: - Direct Funds for longer period of time. - Better Technological and management practices. - Increase Market Competition. In Retail it is not in the benefit of the small retailers.
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Arupam said: (Tue, Oct 22, 2013 07:46:38 PM)
Hi to one all. Okay friends its true that with the commencement of FDI in India its true that it will enhance the economy of our country, employability, introduction of new technologies in india, people will get many commodities from a common place. They don't need to run everywhere for getting their necessities. But since the topic is on the effect of FDI in retail sector I would better not encourage FDI in India because the small retailers will be affected and business of those retailers who are giving service from a long period will be hardly affected and big retail companies will buy commodities directly from farmers which will affect the entire supply chain of suppliers and distributors. Indirectly it will hamper the economy of India.
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Jayanta Das said: (Mon, Oct 21, 2013 11:14:21 PM)
HI FRIENDS MYSELF JAYANTA, On 15th sep. 2012 government has announced their new FDI policy in Indian retail sector. As per the notification by the DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION. I think everything have a good effect and bad effect like two opposite side of a coin. FDI means foreign direct investment which we know everyone. So friends I am going to discus about good effect and bad effect of FDI. At first I want to discus about good effect: 1> 2> 3> 4> This will bring modern technology to the country. reduce wastage of agricultural produce. Enable our farmers to get better prices for their crops. We can get good quality product in low cost.
In other hand the bad effect or disadvantage are: 1> Like small manufacturing plants, handmade material and small scale industry will suffer a lot. Their products may not stand in the competitive world. Our currency will go to foreigner. As we buy more and more, we will start to depend to foreigner technology and products, which later can harm our economy.
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Srishti11 said: (Mon, Oct 21, 2013 11:10:44 PM)
Hello. You all are stating the pros and cons of FDI and I find all the arguments equally valuable. The pros of inviting foreign currency and advanced management and business techniques along with it will surely impact the economy of our country in a positive way. The cons associated with FDI, like the small retailers will be displaced and the Indian goods will face stiff competition is also very true. In a such a scenario, I suggest that the Indian government should press for the relaxation in the norms and taxes for exporting Indian goods/merchandise to all those countries with which the pact is signed. This will certainly curtail the the negative impact of FDI. Do you feel the same?
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Johnny said: (Mon, Oct 21, 2013 08:13:45 PM)
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In my point of view FDI may be allowed in India to improve the qualities of the productivity. But controlling of the companies should be in the hand of government so that small scale producer in India might not be dominated. FDI will be helpful to improve the Indian economy, to create more jobs, to improve the quality.
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Viveks said: (Mon, Oct 21, 2013 05:52:11 PM)
Every coin has two different sides in the same way FDI has both the advantages and disadvantages. But if we will consider about the current economic condition of India and status of various sectors in India FDI has more advantages than the disadvantages. This is the only reason why Govt of India has allowing Max possible percentage of FDI entry in India. FDI has main advantage of development of Infrastructure and Job opportunities to Indians which is very helpful for the upliftment of status of all Indians.
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Pawan said: (Mon, Oct 21, 2013 11:46:33 AM)
To my mind FDI has got much more advantage and positive points than the negative ones. It surely is going to improve our country economy as the government will be getting huge revenues from the foreign companies and investors in return. It will help in improving the rupee value also. These funds obtained from the companies will increase national income and an be financed in other crucial areas such as education and infrastructure programs. Regarding the danger to Indian companies and the shopkeepers, I think that this is highly pessimistic to think in this way. It is because. # Indian government is already putting lot of restrictions in the amount and extent of investment from the individual companies, so question of monopoly doesn't come. # Local shopkeepers and merchants will not be affected to that extent as being hypothesized because taking day to day items from nearby shops is always comfortable. Also there is developed trust and mutual understanding developed between local retailers and consumers which cannot be vanished so easily. # People can always buy items from their known retailers on credit basis which will not be possible from central showrooms. The FDI is already introduced in lot of developed and developing countries such as china and USA and it has already proved very beneficial for the economy of host countries. In fact in USA almost all the investment is on fdi basis from the companies of Canada, China, Britain and Germany. # FDI is also surely going to increase competition in the market and thus the quality of the products. So I think it is wise enough to be optimistic by allowing fdi in India and hope for its success.
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Vivek said: (Sun, Oct 20, 2013 10:55:56 PM)
Hello guys! I do believe that FDI will surely give an economic boost to our country. But what I think is that if the government can invest the tax earned from the FDI for the development of small scale industries through a scheme within the country then that can benefit the small scale industries who deserve the chance to grow their business and will also prevent unemployment.
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Sri said: (Sun, Oct 20, 2013 10:45:54 AM)
Hello Friends I believe Foreign Direct Investments will boost Employment opportunities in our country. But we have to limit the value of investments as it will Cause less opportunities for our own investors.
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Shivani Mishra said: (Fri, Oct 18, 2013 01:11:11 AM)
Well I will say ANYTHING DONE IN EXCESS IS SIN. So one hand where FDI is beneficial for our Indian economy by creating employment opportunities and more developed product with update technologies on other hand if we see it in long term it may also ruin the Indian economy due to increased inflation and creating unemployment for the various shopkeepers and kirana stores.
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I think Government should make some restrictions on FDI's in retail on the basis of the scale of operation of the company, the profit earning of the company, the ax generated etc.
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Sreedhar said: (Fri, Oct 18, 2013 12:13:55 AM)
Hai guys! I agree with all your views, Foreign investment will help the country for boosting our economy, they can directly invest in our country for their business. This is first thing that makes foreign companies to invest in India. Most of those companies are using our products and selling much higher than that actual manufacturing cost like in clothing. Due to this there is large effect on small scale businessmen. Positive effect is it increases the competition in market, which is healthy in return it will help for increasing quality of products. But after maybe at some point, if the companies rejects do business then India will be remained as it was in this era. So in order to protect our economy simultaneously it has improved our local business than going for foreign. Local Industries should be encouraged at the time, we should implement foreign standards.
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Vishal Sir said: (Thu, Oct 17, 2013 01:56:31 PM)
Hai Dear. As per my perception, there should be an agreement with the foreign MNC's, because at the end we should not depend on the foreign products which make our Indian products out of the market (ex: mobile market, electronics etc). Therefore the agreement should boost the country's economy and also provide employment to the people which we have poor employment growth.
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Palaksha said: (Thu, Oct 17, 2013 01:20:59 PM)
Hi I am Palaksha. Benefits of FDI. 1. To increases the foreign capital in India. 2. Technology will be improved. 3. Improvement in the infrastructure. 4. Good relationship. 5. It is a open market. 6. Improve Forex position of country. 7. Help in transfer of management skill, intellectual property. 8. Help in rural development. 9. Provide a better quality of goods at a reasonable cost. 10. Govt take high tax. 11. Employment opportunity. 12. Introduced foreign culture.
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Manuj said: (Wed, Oct 16, 2013 03:06:16 PM)
Hello Friends, FDI is like a two edge sword. It can prove itself useful and can destroy economy further. With FDI there will Job generation and variety in goods and services healthy competition will increase but it can also lead to cannibalization of local firms and vendors. Domestic product loss can be there. Now by looking the current scenario of globalization we cannot always be hidden in our houses some day we have to go out and face the world. So looking at the advantage and side-effects of FDI it feels like it can be good for retail sector and can help in Development.
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Ravi Sharma said: (Mon, Oct 14, 2013 09:59:15 PM)
FDI mean foreign direct investment. When we are talking about FDI in India. I think we are little confused on this matter because we want to get all good part of this theme and don't want to get any harmful thing of this. But this is not possible because we all know every coin has two part one is helpful and other is harmful. But at the recent time FDI is must for Indian economy and for making growth in economy we should welcome to FDI.
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Rajesh S said: (Mon, Oct 14, 2013 06:18:15 PM)
Hi this is Rajesh, FDI in retail is surely gets our economy to the next level. I say this because when we see other developed countries like the US and many of the European countries they welcomed the need for Direct investments but if this Investment have been implemented in our own country (Government undertaking) without the need of another country participation then surely it will have a positive impact in the lives of many citizens of our country.
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Pankaj Sharma said: (Sun, Oct 13, 2013 11:40:15 AM)
Hello Friends, According to my opinion, Foreign direct investment is partially better and partially not for us. Because first of all we have to notice that when we have to export our goods to other countries we have to pay a huge amount for tax. But when other countries export their goods to India, They paid negligible. It is one of the major issue. So our economy dwindled down. And secondly, By foreign investments foreign currency introduced in our country and many employments opportunity developed by them. And it should be in limit. Not excess and not in minute way. Because if we want to rise our economy we have to use our own built materials. And support them. Because more the production of our country will increase our economy will definitely increase. So after this all discussion I conclude that Foreign Direct Investment should be there but in limit. Thank you.
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Dhanajay Patil said: (Fri, Oct 11, 2013 02:13:42 PM)
According to me there are so many drawbacks of FDI which gives huge impact on country as well as Indian economy i.e. our country so social agriculture dependent all cultivated by our people it is expensive in terms of requirement but having less value eg. Food cereals fruits and all agriculture products. If FDI brought in country then there are so many drawbacks whatever the micro needs for us which is not easily get because of mall systems.
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Swati said: (Thu, Oct 10, 2013 10:48:59 PM)
Hello friends. According to the IMF and OECD definitions, direct investment reflects the aim of obtaining a lasting interest by a resident entity of one economy (direct investor) in an enterprise that is resident in another economy (the direct investment enterprise). The "lasting interest" implies the existence of a long-term relationship between the direct investor and the direct investment enterprise and a significant degree of influence on the management of the latter. Direct investment involves both the initial transaction establishing the relationship between the investor and the enterprise and all subsequent capital transactions between them and among affiliated enterprises, both incorporated and unincorporated.
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Abhishek said: (Thu, Oct 10, 2013 10:40:03 PM)
Hello Friends, looking at the present state of our economy which is going down day by day I think FDI will be good option to boost up our Indian economy. It will not only create many job opportunity, it will also increase the competition in the market which will lead to reduced price and increased quality of product and it will also reduced the sail of duplicate products in the market.
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Shatakshi Sharma said: (Thu, Oct 10, 2013 10:41:11 AM)
Hello friends! I disagree to the fact that FDI in retail sector would prove to be good in India. FDI would provide us with products at a reasonable cost and under one roof but on the other hand it would directly and indirectly affect our Indian Market. I would like to ask you all, Using our Indian Resources, our manpower and presenting it under the name of foreign goods, Would this degrade our economy of Indian market or not? The answer is Yes, the Indian market would be affected by this. FDI would provide us with various products under the same roof but this would lead to monopoly and the Indian sellers and shopkeepers would suffer. I have read my friends saying that the employment would increase but I would say that more unemployment will take place as the Indian shopkeepers would loose there occupation and their basis of living as well as the semi-illiterate crowd of our country would suffer since FDI implementation would not take them into jobs and the maximum percent of our country is semi-illiterate.
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Jay said: (Wed, Oct 9, 2013 04:49:40 PM)
Hi friends, I would like to say that Foreign Direct investment is good for Indian economy because we have already seen that, our Indian market going down below in case of Rupee i.e. devaluation of rupee. And we all know that our country is a developing not a developed country. If FDI will stand in Indian market it play vital role to increasing economy of our country because it has several advantage; 1) FDI will help to country stand in top most country in an economy because it has directly investment in Indian market which could helpful for us. 2) It will also helpful for former because they can sell agriculture food directly to fdi investor and with the help of it former will get more money directly from big retail company. Due to former will be more economics. 3) Foreign investor could invest in India. It will helpful for a Indian investor to get idea from that people. 4) Consumer will get all of the product in one building roof It is more helpful for a old consumer who can not travel for purchasing different product from one market to other market. 5) Quality of product will increase and with the help of it we can stop milawat in food which is directly effect in human body. 6) It will also helpful for new employer. It has several advantage. But I don't why Indian government should not think about it.
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Ankit Jain said: (Tue, Oct 8, 2013 10:52:28 PM)
Benefits of FDI (Foreign Direct Investment) : 1. Farmers will become economically strong, because they will get more money directly from the big retail companies. 2. New employment for the peoples. 3. Consumers will get goods on comparatively low price. 4. Indian government will get approximately US$ 25-30bn through taxes. 5. Modern technology will come to India. 6. Wastage of agriculture products will go reduce. 7. Rural infrastructure will go improve. 8. Competition in the market will rise. 9. Consumers will get commodities in the same & low rate and will save from the greedy retailers.
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10. Consumer will get all the commodities in one roof. 11. Consumers will get the bills for all purchases. Disadvantage or Drawbacks of FDI: 1. Small retailers will be affected and business of those retailers who are giving service from a long period will be hardly affected. 2. A big amount of money (more than the money which will government get through taxes) will go to the Foreign countries. 3. Big retail companies will buy commodities directly from farmers which will affect the entire supply chain of suppliers and distributors. 4. After some decades it may be the reason of inflation. 5. Local brands will be affected and sale of foreign brands will be increase. 6. Uneducated and semi-educated will have difficulty to get job or earning money because through these big retail shops only smart and educated people will get job. 7. Poor peoples will have difficulty in survive because they will not buy a small pack of biscuit from a air conditioned mall. 8. Shopping time of the peoples will increase because they can get commodities from a local retail shop within some minute but in these big retail store it will take big time. 9. Because of FDI, the agriculture products wastage will reduce but the wastage of packed commodities will increase because people will get no.of choices for a single type of commodity and it will be difficult for them while from local retail store they will get trusted products only because of the relation between retailer and consumers. 10. Consumers will not get commodities on credit basis without any extra tax. 11. Consumers will hesitate to buy any single product which will increase the cost of purchase indirectly.
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Shubham Mishra said: (Tue, Oct 8, 2013 10:42:23 PM)
Friends, in my opinion FDI can boost our Indian market by introducing newer technology and it also increases the competition in market. As a result the quality of products increases in affordable prices. And it also gives more employment to youth have new ideas. But it have a negative aspects that small business owner would not able to stand in this market scenario.
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Ronit said: (Tue, Oct 8, 2013 05:25:09 PM)
Hi friends. I think that, foreign investment is not good for Indian market yes it increase the employability but foreign inverter will get maximum profit in our market also as we known that what is the value of our currency? they invest money in their currency it will also affect to our currency.
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Reehana said: (Tue, Oct 8, 2013 04:28:02 PM)
Hai friends. In my prospect foreign direct investment in retail sector good for India. It increases the communication with the foreign investment and develop the employability skills. The competition in the multinational companies increases with the development of new goods for the customer expected quality with least cost to the poor people. In every situation some of the disadvantages also there it effect to the local retail shops. Employment problem is also increases.
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Suraj said: (Tue, Oct 8, 2013 02:37:27 PM)
Limited Employment Generation It is said that FDI might provide employment Opportunities, but it is argued that it cannot provide employment opportunities to semi-illiterate people. This argument gains more importance because in India, large number of semi-illiterate people are present. Therefore, I oppose to FDI in retail sector.
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Karthik said: (Tue, Oct 8, 2013 11:07:53 AM)
Hi everybody, The topic under the discussion is 'Is FDI in retail sector is good for INDIA', I will say it is partially good to India why because the investments will increase from foreigners which is useful to increase the economy rate in the same way the local business retailers will loose their sales and they will get out of the business. In clear way we can say the pro and con's are. 1. The government is highly corrupted in these days. 2. The employment problem will reduce. 3. Quality products will be obtained in reasonable prices. 4. Our central government giving 49/100 shares to others which reveals our laziness. 5. Local people have severe effect because he fail to win with big competitors. 6. We will totally depend on other goods and services which effects our developments. 7. Monopoly can be seen because all types of good available at one place. The measures to be taken are: 1. Allow the foreigners to invest in India that should not affect the local retailer. 2. Motivate the local investors to start up new technologies instead of depending on other products. Thank you to all for reading patiently.
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Prawal said: (Fri, Oct 4, 2013 10:47:47 PM)
In my point of view the FDI is good proposal for India by foreigners. It increase the employability and multinational company with their brands of the product. The competition in the market will also increase and the quality of product is also effective as need of customer, but it cause a main problem in India i.e. The rich get richer and poor get poorer. Its effects to decrease the business of democracy Indian.
Rate this: +25 -6
Paidi.Narendra said: (Fri, Oct 4, 2013 09:40:26 PM)
I think in this present situation only FDI can save our country from economical drown. I can surely tell in our India so many scams happens frequently and we can not sure government companies and policies are working in right way. If you take any private company they work always without any corruption they give jobs to suitable persons but in our government sector everything is being corrupted always. So welcome the FDI and move our country in developing way.
Rate this: +8 -8
Abhay said: (Fri, Oct 4, 2013 08:54:59 PM)
Hello friends, According to my view FDI is partial good for India. Now let have a look on Pro and cons of FDI in retail sector. Pro of FDI in retail sector :
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1: Modernization of retail shop in which customer will get every thing under one roof. 2: Cost of final goods come down. 3: Proper competition in the market. 4: Utilization of proper fund. 5: Bring out the black money which are hided. In order to stay in business the Indian retailer need money, that money come from the hided money which they hided from every one. 6: Bring new module of business in the market. As HUL business module is totally different and healthy for the business. 7: Margin on goods for Retailer will increase as to stay in competition the company will try to give more margin to retailer so that they will sell/suggest there goods to customer. Cons of FDI in retail : 1: Affect to local retail shop. 2: margin of retailer get reduce. 3: demand for local goods get reduce. 4: employment problem. 5: chances of monopoly in the market. 6: pressurize to sell the foreign brand instead on Indian brand. Suggestion: 1: The govt. should make mandatory that the domestic rural market will be occupied for Indian industries so that the retailer of that market not get affected. As rural market people face difficulties in shifting there business. 2: CSR should be mandatory for every company. 3: The proposition of selling goods through supermarket should be in 51:49 proposition, mean 51% goods should belong to Indian company & 49% foreign good. 4: Govt should create some area range wise for super market. For ex: like with in the range of 1 km no one can open super market. 5: Govt should limit the opening of supermarket in every cities. Like in One city, not more than 2 supermarket will be allowed.
Rate this: +35 -2
Vicky said: (Fri, Oct 4, 2013 07:13:46 PM)
Hi friend, First of all I would like to say. FDI is good for our country. But pro & con to everythings. My perception our country can development through FDI. We Should increase to export and import. After that we can increase employment and increase production Helps in transfer of new technologies, management skills, etc.
Rate this: +23 -16
Himanshu said: (Fri, Oct 4, 2013 01:49:55 PM)
I am in oppose of FDI, In my point of view when FDI is coming in 9india then the companies which are present in India going to be in huge loss and the employment is also decreases as the company did not give employment to anyone and the chances for losing their job to the employes which are working in that company also increases. These company buys the raw material with the farmers in less prices and they selling them with more money to others people and the chances that we again going to be prision for other country also increases.
Rate this: +18 -9
Itti said: (Thu, Oct 3, 2013 10:44:59 PM)
Lets take a reality check, in todays date is our existing government creating any further employment?
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Is our govt making any proper utilization of public paid taxes? Or do any of us not see a new scam happening in this country every morning? Most of the members mentioned above highlighted points like the FDI creating employment on short term basis exploiting countries resources and also making the markets less competitive and lazily dependent on our foreign investors. But has anyone looked into the current situation of India being any better? instead of a foreign investor are we not succumbing to a foreign minister? Who, for votes distribute freebie's compelling the lower sector, sc/st's to become lazier? motivate them to not do any kind of work at all? What are we shaping the future of our country in any way? Looking at the present scenario I only feel if anything FDI's can do, is create competition, employment, and a standard of living in this country. At least our uneducated population will not have bear the load of some freebie's and continue bringing a greedy, diplomatic, corrupt and lazy governance time and again in this country who is doing nothing but exploiting this country as it is.
Rate this: +29 -4
Santosh Tiwari said: (Tue, Oct 1, 2013 06:16:15 PM)
Hi friends, The Foreign Direct Investment means "cross border investment made by a resident in one economy in an enterprise in another economy, with the objective of establishing a lasting interest in the invest economy. FDI is also described as investment into the business of a country by a company in another country. Mostly the investment is into production by either buying a company in the target country or by expanding operations of an existing business in that country.Such investments can take place for many reasons, including to take advantage of cheaper wages, special investment privileges (e.g. tax exemptions) offered by the country. Major benefits of FDI : (a) Improves forex position of the country; (b) Employment generation and increase in production ; (c) Help in capital formation by bringing fresh capital; (d) Helps in transfer of new technologies, management skills, intellectual property (e) Increases competition within the local market and this brings higher efficiencies (f) Helps in increasing exports; (g) Increases tax revenues FDI is Opposed by Local People or Disadvantages of FDI : (a) Domestic companies fear that they may lose their ownership to overseas company (b) Small enterprises fear that they may not be able to compete with world class large companies and may ultimately be edged out of business; (c) Large giants of the world try to monopolise and take over the highly profitable sectors; (d) Such foreign companies invest more in machinery and intellectual property than in wages of the local people; (e) Government has less control over the functioning of such companies as they usually work as wholly owned subsidiary of an overseas company. In conclusion: I would like to support FDI at certain point, but as a Indian I'm opposed. Thank you for your patients to for reading this.
Rate this: +112 -7
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Shiju said: (Tue, Oct 1, 2013 05:46:18 PM)
Hi friends, In my point of view India manufacture a lot. But the need of people is to use foreign brands. So, according to me because of FDI the development of our country is very slow. By FDI we are developing the economy of foreign country and as a citizen fail to think about the our country. FDI should be that things we don't have enough. SO, FDI is needed only in need.
Rate this: +16 -9
Apurva Kushwaha said: (Mon, Sep 30, 2013 10:38:57 PM)
HELLO FRIENDS. India is known for its excellence in handicraft and handloom industries. A large number of people in our country earn their living on the basis of this. Now here is a question for you: A poor man works hard and sets up a shop of umbrellas. The price of each umbrella being worth Rs.100. On the other hand china is known for its bulk production. The 'MADE IN CHINA' umbrella is worth Rs.50. It is but obvious that people will buy the chinese umbrella. So, this way the wealth of our country is draining out. FDI is good for the tecknical know how but not good as a dumping ground.
Rate this: +65 -1
Ashish Kumar Lenka said: (Mon, Sep 30, 2013 09:05:01 PM)
Hi Friends, According to me FDI in India in not needed at the this point of time, as a fact we are a country with huge pool of resource, as we allow FDI most of our resource will be utilized by the foreign investors to earn profit, and if we use this resource in our own growth by making our own products no doubt we can recover our economy gradually. And remember friends India is a country with huge talent pool awaiting to be used in right direction so we can use it to develop our economy, So in my opinion Foreign Direct Investment is not essential In India. Thank you Friends.
Rate this: +21 -3
Narinder Singh said: (Mon, Sep 30, 2013 11:51:44 AM)
Hi friends my self Narinder singh, my opinion on FDI is that everything has their positive and negative points. In my opinion FDI is good for the developing countries like India. India is a vast country and one of the populous country of the world. India is facing the problem of unemployment. For that FDI is good it give employment to the educated youth of the country. Due to this many problem has been solved like corruption and internal disturbances of the country.
Rate this: +11 -22
Tiruman said: (Mon, Sep 30, 2013 11:43:27 AM)
Hi friends in my view FDI had made benefits to us. But present situation is entirely different for example if we see the products of our daily usage they are mostly designed from foreign companies. If we continue this our money is going out. We are not encouraging the products of our companies. This leads to poor economy. Just think about it.
Rate this: +31 -2
Ravi said: (Mon, Sep 30, 2013 04:02:34 AM)
Dear friends, I am agree with some of you that FDI making some bad and good affects on our economy, that FDI should not be allowed in every sector, means FDI should allowed in these sector in we need to grow like electronic and we would also try to promote Indian companies to make their own products and give promotion to research and development undeveloped sector with help of foreign companies. FDI should not be allowed in our agriculture and defence sector. Obviously FDI increase employment, but we should always beware about small scale producer, who are
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they uneducated.
Rate this: +7 -5
Ajitkumar said: (Mon, Sep 30, 2013 12:01:16 AM)
Hi friends, FDI that is foreign direct investment, have some positives but it has many negative points too. First thing is that no any industry will come to give profit to public, they will come for their profit, they will have their targets and their business limitations. In the seventeenth century East India which was foreign industry allowed to do business in India and they spread their business and ruled our country In future hope this will not happen. One more thing if government is saying that this will produce jobs and will minimise the unemployment, then why they (government) are not investing? why they are asking foreign industries to invest in India? Why Indian industries are not asked to invest? Another thing, If they come and offered jobs to Indians but what about unemployment which is going to produce by closing of small business. And one more point is that what if 'FDI is allowed and will do business successfully for few months or some years and fail to do good business after that. Finally I would like to say that government should not depend on others to reduce unemployment, they should bring strong and enough policies to produce more jobs.
Rate this: +61 -2
Pankaj Kumar Mishra said: (Sun, Sep 29, 2013 11:54:46 AM)
Hi friends. Firstly I'm asking simple que why every one sad India is super power. But we don't known how to use our resource, our man power. FDI known in India manpower is much cheaper compare to other country. We think only prize of product but we don't think how prize of product increase. FDI use our man power to decrease cost of his product. 1. FDI is good for a short time, it increase our economy but for a long time period it becomes like east India company. After some time it completely capture our market and we totally depend on FDI. 2. It will create huge opportunities to customer to select a good quality product in a low cost but after some time it create monopoly like KFC, PIZZA etc. And we also known the making cost of like pizza is very very less compare to selling price. So finally in my point of view for a long time period FDI is not good for our economy. For a example we known "made in china" products cost is very low, their performance is good but after some time we very well known what happen. :P :P.
Rate this: +21 -1
Sucharita said: (Sat, Sep 28, 2013 08:24:47 PM)
Hello friends, I would like to say that FDI is a good thing. It has many advantages. Firstly, it increase the employment facilities, secondly it will increase the opportunities of promotion and thirdly it will have a positive impact in trade and commerce of the country. All these factors will increase the production. So in my opinion it is a positive thing.
Rate this: +4 -16
Ashish Rawat said: (Sat, Sep 28, 2013 05:52:46 PM)
Hi Friends, We got the good opinions, I think there should be some amendment is required, though it is good, But What happen to those who lose their job working so long as a middleman, Yes in a good price we getting good quality products, it will boost up the farmers, In fact we will see the Perfect market instead of Monopoly Market. Consumer Will get a good Quality in good quantity.
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It will eradicate the black marketing, Malnutrition from India which is biggest problem. Nowadays we can see Price rates touching sky a big slap to Consumer and Middle class Families. But it will control all this Evils. Thanks.
Rate this: +2 -3
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Rishabh Machiwal said: (Fri, Nov 15, 2013 09:55:53 PM)

Preeti said: (Fri, Nov 15, 2013 08:51:31 PM)

FDI in India is not actually Good due to the following reasons:

Shivam said: (Thu, Nov 14, 2013 01:27:24 AM)

Raj said: (Mon, Nov 11, 2013 12:16:14 PM)

Sudhakar said: (Fri, Nov 8, 2013 11:52:15 PM)

Gopal said: (Thu, Nov 7, 2013 04:03:47 PM)

Eshu said: (Wed, Nov 6, 2013 10:37:42 PM)

Jeny R J said: (Wed, Nov 6, 2013 11:33:57 AM)

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Vidhya said: (Sat, Nov 2, 2013 10:18:08 AM)

Manish Kumar said: (Sat, Nov 2, 2013 12:22:48 AM)

Rahul said: (Fri, Nov 1, 2013 09:51:28 PM)

Amar Sonar said: (Thu, Oct 31, 2013 11:59:28 PM)

Bidhurita Padhee said: (Thu, Oct 31, 2013 05:23:06 PM)

Apoorv said: (Wed, Oct 30, 2013 01:01:44 AM)

Archana Mishra said: (Tue, Oct 29, 2013 03:12:21 PM)

Soubhagyaranjan said: (Mon, Oct 28, 2013 09:33:48 PM)

Aparajitha Chatterjee said: (Mon, Oct 28, 2013 09:11:21 PM)

Manoj said: (Mon, Oct 28, 2013 05:37:14 PM)

Mohan Kvnr said: (Mon, Oct 28, 2013 04:00:23 PM)

Anuradha said: (Sun, Oct 27, 2013 03:49:44 PM)

Neeraj Dagar said: (Sat, Oct 26, 2013 02:52:02 AM)

Rohit Kumar said: (Fri, Oct 25, 2013 12:28:31 AM)

Sanwar Mal said: (Thu, Oct 24, 2013 02:49:51 PM)

Pankaj said: (Wed, Oct 23, 2013 08:14:51 PM)

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Jayanta Das said: (Mon, Oct 21, 2013 11:14:21 PM)

Srishti11 said: (Mon, Oct 21, 2013 11:10:44 PM)

Johnny said: (Mon, Oct 21, 2013 08:13:45 PM)

Viveks said: (Mon, Oct 21, 2013 05:52:11 PM)