There has been quite a bash for the FDI retail in India. Small shopkeepers and traders are opposing it. Opposition parties also supporting the anti-FDI campaign – but have any one thought about the real merits and demerits of FDI in retail.
Political parties who are opposing the FDI are not having any alternative plan to give it to the government – they simply don’t want. None of them have clarified their point of view that why FDI is not needed in retail.
If I say – FDI is needed in retail to bring down the market prices – would that be wrong? Bigger companies in retail would eventually work in bringing down the market prices and regulations – which are currently controlled by the middleman – so this would directly benefit the consumers.
Approx 7-8crore of population are earning their living through small shops and trading – so this is also true that they would be hard-hit by this. On the other hand, if we think about the rest of the population – which is actually 120crore – and struggling from ever-increasing inflation, would be relieved, if FDI comes in retail.
So, what should be the priority this is the point of discussion – and let 120-crore population be in benefit or not.
Easy Alternative for FDI in Retail
As opposition is working baselessly and opposing the FDI – they should come with any alternative plan.
The plan which I think currently could work is – You must have heard about the Canadian government giving easy visas to the foreign people – who are willing to invest in Canada but the only restriction they have is – you can’t take the profit back with you for 5-10years term and have to invest the profit in Canada.
Therefore, our government to regulate the FDI in retail can follow same plan. Make a regulation for FDI that whatever profit you make in the next 5 or 10years term – you can’t take those profits back in your country – you have to invest it in India only.
This would rather boom our economic structure – while opening a wide channel of growth and prosperity. Also, at the same this would decrease the inflation. It would be great for the common man of India.
More regulation for FDI
Government can implement some more regulation on FDI by imposing the fair pricing solution – which they would not sell products under-priced.
Therefore, this would rather give a fair business environment for all and would act in the benefit of consumers.