Is FDI Good for Indian Economy?

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we should have accepted FDI earlier. China is involved in FDI since 1992. I would say that like two sides of a coin, FDI in the retail sector will also have its pros and cons. Like, if we consider its main advantages, we can say that it will bring modern technology, improve rural infrastructure, create a competitive market, enable our farmers to get better prices for their crops, Government will get an additional US$ 25-30 billion by way of taxes, a solution for food inflation as investments in cold storage chain infrastructure would reduce loss of agricultural products and provide more options to farmers. And some disadvantages could be that we will be competing with such economies whose interest rates are as low a 4% as compared to our 14% to 16%. Also, we engage millions of uneducated and semi-educated people at various stages of retail business but Tesco and Wal-Mart will only engage the smart and educated workforce in small strength, comparatively. Finally, we can say that if FDI in retail is allowed with certain preconditions, it will help boost the Indian economy in the long run and will project a positive image of India regarding its liberalization policies. It will help the growth of exports and employment generation.













Source:
https://www.mbauniverse.com/group-discussion/topic/business-economy/fdi-in-india

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