FDI in retail sector

Trinamol Congress threatened to bring down UPA Government at the centre on FDI issue. It withdrew support to the UPA Government perhaps guided by the wrong notion that the other allies of the UPA would move in tandem with Trinamol. On the contrary UPA was strengthened with both SP and BSP openly declaring that the […]

Trinamol Congress threatened to bring down UPA Government at the centre on FDI issue. It withdrew support to the UPA Government perhaps guided by the wrong notion that the other allies of the UPA would move in tandem with Trinamol. On the contrary UPA was strengthened with both SP and BSP openly declaring that the false step would invite the communal forces to hold the mantle of power. BJP also declared at the end of its three-day convention held at Surajkunja that it will fight relentlessly against the FDI in retail sector though it supports economic reforms launched by the Union Government. Nevertheless to a common man FDI is non issue. General public are in the dark what change will it bring by allowing FDI in retail sector. A pertinent question is being asked will it enter smaller states in NE region. Will Walmart come to Manipur also? If they come will they move to the remote villages of the state to do the business of selling pulses and pan? Just as the hyped up propaganda of economic relief the country will be getting after allowing FDI in retail sector the concocted stories of lower middle class losing fiefdom in retail sectors thereby facing the threat to survival is also confusing. Are all these small shops, which sell cigarettes, pans and chewing gums going to be banned after the entry of foreign companies? Nobody can dictate the term and it is consumers’ right from where one buys consumable items. If these foreign companies come to Manipur to do the business it will be interesting to watch. The manner with which they run the shop to get customer and how they solicit them will be enjoyable to see. Amazingly these political parties are throwing abusive languages against each other without knowing what will FDI do to the nation. If FDI harms national interest of supporting poor and needy people it can be thrown away from the soil. But the Government should be given opportunity to do the new experiment. If the economic reforms launched in early nineties brought a sea change to the nation with foreign companies entering Indian market there is nothing wrong to say this FDI will give the thrust to improving economy of the country. Prime Minister had said boldly no Government wants to put burden on its people. Prime Minister Manmohon Singh is economic wizard. If his words would be rejected whose voice should we hear. Irresponsible utterances of talkative class. Innocent common people, who are hard pressed to keep the kitchen burning do not have time to think over all these issues that are being cooked up for one reason or other. Allow them to do their normal duties. If BJP and Trinamol stand against FDI in retail sectors they can take steps to shoo away foreign companies from the soil of the company albeit after these parties come to power. The arrival of that day may be possible if the voters opt for these parties. But FDI cannot be used as election issue. Because general public want to see entry of foreign companies in retail sectors.

Read more / Original news source: http://manipur-mail.com/fdi-in-retail-sector/