FDI got me REJECTED….!!!

Good day friends…. Am NOT a person who really analyses Indian economy deeply, but this Foreign Direct Investment topic was given to me in a Group Discussion in an interview I attended few days before and I was not able to answer anything so I got REJECTED.

This is really a GREAT shame because I always have a general updates of what's happening in India but I was not able to give anything in the GD. So, I decided to write about it and share it with you friends…

This FDI has been in India from before but people have been protesting it for some time now. Well people are protesting about FDI in retail market only, which the government increased the market share to 51% for Single-brand retail and 100% for Multi-brand retail.

Well let's see what's Single-brand retail first, it's the companies like Apple, Levi, Nike and etc. They are the company which sells only their brand of products. And Multi-brand retails are companies like Wall-mart, Best buy, Office depot, etc. They are companies which sell all consumable products of all brands and vegetables too.

Now you know that there is already 9% inflation in India i.e. all the Indian company are already struggling to buy and sell goods. What if companies like Wall-mart comes in all the cities, they will start selling everything cheaper and the Indian companies and small scale retailers will have to CLOSE down their stores and go HOME.

Imagine friend we have EVERYTHING we need, but in different stores, what will happen if they all have to close down. And the single brand retail will only benefit rich people, I don't see a middle class person going to an apple store(Do u??).

Well, now it's time to be NEUTRAL. Our PM Manmohan Singh(I like to call him Silent Killer…lol) made this decision because the retail market of India in very low profiting stage compared to other sectors, it's because there are many small retailers. But due to his decision small retailers have to compete with international retailers which is next to impossible.

Well we need to attract FDI since we are facing very BAD downfall in our GDP(which is below 1% currently), but we can't accept FDI into the economy in whatever forms. People in India are STILL struggling to find a good livelihood, this decision will only produce more employees THAN entrepreneurs.

The government is already giving MORE subsidiaries to multinational IT companies than agriculture industry, people are selling their lands to meet their needs, if this continues the country will not have any agriculture suitable land and they will have to import every grain of RICE.

India needs serious economic reforms, but for that we can't just put an ‘FOR SALE’ advertisement on ourselves. First we need develop the livelihood of people, and allowing 100% for multi-brand retailers will definitely be a BOON to economy but it will only exaggerate the fact of ‘Rich getting RICHER and Poor becoming POORER’.

Besides I heard that this decision was taken by the PM because some foreign magazine reviewed him as INEFFICIENT. I found The Washington Post and The Times reviewing him as Silent PM and Underachiever. So I don't think these decisions were made pre-planned or well-thought. 

  

Well only time will tell the FATE of India.