Saturday, December 10, 2011

FDI in retail. Will it be beneficial?

Recently congress is trying to implement 51% of FDI in retail in Indian market. The bigger question raise here is, will it be beneficial for a common citizen of our country? Well, as per the rule of opposition party they started opposing the bill of FDI proposed by congress. And the government have put FDI on hold for few more days.
But before opposing to the proposed bill we should go through all the points which are in favor and the points which are opposes the bill. One of the congress minister claims that FDI, "immensely help Indian farmers and create jobs in the agricultural and food-processing industry". 
Around half of the Indian population is employed through agriculture and many of them employed through retail market or a small business. So Indian population is afraid of loosing there market. But it's not correct. But the congress government have tried to assuage the countrymen by saying that the alleged companies must also spent $ 100 million half of which is to be invest in back end infrastructure development.
As the bill was proposed in the parliament our great opposition party started opposing the bill. Peoples started protesting against the bill in every city of the country. All the small business persons and many opposition party leader decided to put ("bharat band" ) Indian market closed on Dec 2 2011. Monitoring the situation of the country congress government put FDI on hold for few days. 
As per the beneficial points of FDI it was very use full for Indian citizens as it will provide thousands of jobs to Indian.

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