FDI in retail is the burning issue in the latest. Mamta didi gave a big blow to the congress by withdrawing her support. Kerala, Tamil Nadu, West Bengal and some states are against to the FDI in retail investment. UPA rallying to explain the benefits of FDI in retail.
FDI[Foreign Direct Investment] in retail policy has two sides of the coin. One is benefiting farmers to sell their
crops in the foreign markets (don’t know the actual terms & conditions),
generates employment to uneducated, develops cold storage chains, avoids damage of food
perishables etc. On the other side, small and big retailers viz.
kirana stores will affect for sure; they lose employment and come to the
streets. In A.P. there are around 1.3 crore kirana stores. Experts says that there is no profit or no loss in welcoming FDI in retail; whereas, opposition says that the profits will go to the foreign banks and the existing retailers will affect adversely.
As per my knowledge the farmers income
is arbitrary, they are being deceived by a chain of mediator and big retailers in the country from
the days since independence. Consumers are paying ten times to what the
retailer's cost price is. In this scenario it is advisable to support FDI in
retail market to save the farmers and consumers as well. What is your say?
