Its been quite a few days since we have been watching The Indian Parliament,supposedly the most sacred institution of world's largest democracy,being paralyzed.Quite difficult to judge who is on the right side of the line.Many people opinionated that had NDA been in power,they would have supported FDI and Congress would have opposed it.But well lets not consider the hypothetical situation for now.What matters is the worsening value of Indian National Rupee.
India stands on the verge of the biggest financial crisis she has faced in decades.Just the last line of defence-The Reserve Bank of India stands as the saviour.But does it have enough tooth and firepower to avert this crisis without the FDI?
300 billion dollars Forex can be misguiding.Euro crisis is not helping either.
I came across a statement that Walmart might be the next East India company,hadn't read something as ridiculous as this since months.Its the right of Indian consumers to have the best in their country when they pay equal to their foreign counterparts.So,when our own kiryana walas can't get that for us,why stop FDI.
Moreover,FDI in retail policy allows such stores to be opened in cities with population bigger than 1 million+the minimum 100 million$ backend investment that comes with it.How are smalltown retailers getting affected here?
Moreover,one would go to such stores only if its close to their place or when he/she needs to buy stuff in bulk.For everyday use,you will reach out to your corner street kiryana wala.Govt. has already ensured this by increasing the petrol and diesel prices.These are not just psychological stats,these are real stats as been the effect after opening of stores like Reliance Retail,More,Big Apple,etc.
Slow decision making of Central govt. is not helping the growth rate or inflation control of our nation.The citizens need to come out with more responsibility and stand up for what is right for them instead of listening to these ever changing face of our political leaders. Reforms are the need of the hour and FDI is immensely required to save the rupee.Our leaders should understand this and rise beyond their political differences for the better good.
India stands on the verge of the biggest financial crisis she has faced in decades.Just the last line of defence-The Reserve Bank of India stands as the saviour.But does it have enough tooth and firepower to avert this crisis without the FDI?
300 billion dollars Forex can be misguiding.Euro crisis is not helping either.
I came across a statement that Walmart might be the next East India company,hadn't read something as ridiculous as this since months.Its the right of Indian consumers to have the best in their country when they pay equal to their foreign counterparts.So,when our own kiryana walas can't get that for us,why stop FDI.
Moreover,FDI in retail policy allows such stores to be opened in cities with population bigger than 1 million+the minimum 100 million$ backend investment that comes with it.How are smalltown retailers getting affected here?
Moreover,one would go to such stores only if its close to their place or when he/she needs to buy stuff in bulk.For everyday use,you will reach out to your corner street kiryana wala.Govt. has already ensured this by increasing the petrol and diesel prices.These are not just psychological stats,these are real stats as been the effect after opening of stores like Reliance Retail,More,Big Apple,etc.
Slow decision making of Central govt. is not helping the growth rate or inflation control of our nation.The citizens need to come out with more responsibility and stand up for what is right for them instead of listening to these ever changing face of our political leaders. Reforms are the need of the hour and FDI is immensely required to save the rupee.Our leaders should understand this and rise beyond their political differences for the better good.
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