Recent foreign direct investment approvals in India and economy future
By vanny
@vandana7 (100282)
India
September 17, 2012 2:12pm CST
I know we are short of oil and therefore we need monies to keep up with our imports. However, was foreign direct investment the only way to do it? If not, what are the ways that could have been right?
Has your country been open to foreign direct investment (FDI)? What has been the effect of such investment in retail sector ..i.e., Walmart, and broadcasting sector.
Please let me know if such a thing has helped you all, or not. If not why do you say so, and if yes, what are the advantages and why do you say so.
We have allowed 51 percen FDI in retail, and more than 70 percent in the broadcasting sector.
Do you see any disadvantages for my country with this move, if so what sort of disadvantages based on your personal experience.
Thank you in advance.
1 person likes this
2 responses
@maygodblessu44 (7336)
• India
19 Sep 12
Hello my friend vandana7 Ji,
Well, at least we Indians should not forget how East India Co came into existance and later ruled whole Nation. Why our First PM took that rubbish red wheat, which had lot many parthenium seeds and presently it is known as 'Congress-grass' all over country including at Velly of flowers. Let's study, why there should be direct and not through our bussiness community.. If you go for 1 kg of Tea pack, and watch minutely it may only be written 950 gr., whereas shopp-keeper will give you for 1000 gr. We are not very educated to know and follow Malmart culture.
May God bless You and have a great time
@vandana7 (100282)
• India
19 Sep 12
Oh yes, I have known this for real long time. They reduce the content and even mention the quantity but few people ever bother to read it. Weights and measures departments have specified that there should be packing only of specific weights but even large business houses that have foreign equity like Brooke Bond, and Hindustan Lever do it.
1 person likes this
@maygodblessu44 (7336)
• India
21 Sep 12
[b] Hello my friend vandana7 Ji,
well, the prime question is that no one is serious about anything, as people were some years back. Everyone wants to hold top offices at the cost of public. You go into past, will find that Present PM was awarded Honarary Doctorate at many world universities, aafter he became PM, because he was after them at whose cost. Every Pm must work for the Nation, for taht matter each one of us. Presently if Mulayam, Maya, RJD, etc go out, their main moto is to take chances taht they may become PM, either hook or crook. It is a game plan. TMC is grand-child of basic 'AKHIL BHARTIYA CONGRESS PARTY', If She had opposed, She should have been sitting only in oposition and never gone with UPA.
May God bless You and have a great time
@vandana7 (100282)
• India
22 Sep 12
FDI, and diesel price hikes were actually inevitable. If you played monpoly you would know why. In the end somebody wins, and somebody loses. :) The costs only keep on increasing continuously. :)
However, unlike in Monopoly, we have many things in our hand. We should have taken the population thing on war footing from the day one. But many political leaders had bred irresponsibly and they would all have to disappear from the scene. So we chose against that. Then it became a vote bank policy and minority appeasement. Today there is simply no correlation in anything. :(
Take for example Montek Singh Ahluwalia says a person can survive in so much. If so why keep on increasing DAs of government employees by higher rates?
I am for rationalizing the DAs, and stuff like that for government employees except armed forces and police forces and forest departments. I am for removal of LTC across the board everywhere private or public. The deficits can be controlled this way as well because it doesnt make sense paying the rents of those MLAs and MPs who dont vacate the premises, those who use PWD resources to get these premises altered as they need, those who use security personnel for personal safety, those who go abroad for treatment when the treatment is available withing the country, those who take a bunch of relatives along with them while undergoing such treatment, and those who get servants and cars and all such stuff and hardly attend meetings and talk relevant things. Do they deserve a pay hike, or power? I guess not. But payscales of MLAs and MPs have been hiked but there is no talk about austerity measures there. However, austerity measures are highlighted only when subsidies are seen. People forget that free homes have been distributed all the way. Who would feel like working if they got free homes? Out here labor has become expensive because of that. Does that not contribute to inflation? And what these people with homes do, they exploit the plight of those who didnt get any home allotment. Discriminatory if you ask me. Even the agreement to give 9 gas cylinders in Congress ruled states is discriminatory and bribe. As is the offer to hike pays if Congress returns a bribe. Such things should not be offered, and it should be mandatory to disclose the maximum pay hike possible with every government. Then and then only an average person who is not in any government employment would be able to take an informed decision about which party to vote for which politician to vote for, and which ideology to stand for.
1 person likes this
@rambansal (574)
• India
19 Sep 12
We have enough for even wasting our resources in corrupt practices throughout the governance and administration of the country. Still we are short of these.
The biggest problem in India is unemployment of our huge population. Allowing FDI in retail and other fields would accentuate our problem of unemployment. The FDI would beat the small vendors out of race and then exploit us.
Man Mohan under Sonia has gone mad in doing what he likes in-spite of overall opposition and is ready to sacrifice his government for his craze.
@vandana7 (100282)
• India
19 Sep 12
Yeah that is so true. But we do have an asset in our laziness. Wall mart and others would not be happy buying out smaller retail stores as yet it would be very difficult to monitor thngs that are so wide spread. We on the other hand have very few who go to big bazars and food worlds to buy our groceries. Therefore, if any hit is being taken, it would those big guys. Yes, it would indeed be bad for them. Wonder why they were so agreeable to the concept in the first place. I also wonder what were the conditions imposed.