Thursday, December 1, 2011

FDI POLICY- OBAMA KHUSH HUA!

The Foreign Direct Investment (FDI) in retail has sparked a debate whether it's going to be a bane or boon to the growth of our country. FDI  in retail is definitely a back-footing by this government when India had the capability to surge ahead  indigenously.

Indian retail sector has been a major contributor to the nation's GDP and is also the second largest employer, next only to the agriculture sector. The business community has always been the soft target for  government policies, no matter which party is in power. (FDI policy was first initiated by NDA govt). Instead of providing stronger infrastructure and conducive business environment for small business and farmers the government's decision on FDI is a let down.  30% of the crops produced by the farmers are going waste due to lack of infrastructure. Few blame the traders and middlemen for the current situation. What is the guarantee that the farmers would get a fair deal from the big foreign retailer with far-fetched interests?

The US which is pushing(Link- 'OBAMA KHUSH HUA!)' the FDI in retail and our accommodating government is fiddling the system instead of making it stronger. The US is facing opposition to the  large retailers in its own backyard.(Link- Newyork neighbourhood opposes big retailer). These are the days of Foreign Indirect Governance. Question to all the policy makers/politicians who are pushing for this alien scheme- "Will you allow the FDG- Foreign Direct Governance?". You will not, because you will be jobless. God, Forbidden! 
We all know that the farmers in many developed countries get better crops per hectare than our farmers in India. Next, will the government initiate to lease out, or even sell agricultural lands to foreign agriculturists to get better yields??? And they'll call it reforms!! . 
Chintamani is mainly a business hub and a major feeder market for many villages and towns. It has more than 1200 retailers, over 100 wholesalers and many petty shops.  The FDI in retail will dismantle the present structure of the business and will put thousands of families in a hardship. But the business community in Chintamani can outsmart and make the big retailers run for their money. Chintamaniacs can handle any eventuality with firmness. Big can be bogged. (Link-Competing with big retailers)