What do u think of FDI in retail to be introduced in India?
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11-27-2012, 06:45 AM
Post: #9
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Lets look at both pros & cons of the FDI
Benefits 1. more choices for buyers 2. cheaper options for buyers ( organized retail chains get cheaper products from companies due to their scale of buying, which a kirana walah doesnt get) 3. Minimum wages ensured to people working in these stores (which a kirana wala doesnt ensures, dont just think about Kirana wala also think about 4-5 people he employes) 4. today the farmer doesnt get the right price for his produce, and middlemen makes majority of the money due to his storage facilities and muscle power. when the middle men is eliminated from the entire chain, the farmer shall get more for his produce and customer shall get it cheaper than the earlier prices 5. India's forex reserve to shoot up-> means higher value for the Rupee -> your money is worth more when you travel abroad or enters purchase outside country the kirana wala shall survive like always due to customized dealing, convenience, lower operating costs and credit on offer if at all Kirana wala is at risk, he is at risk from all other organized players like Tata, Reliance, Birla as well, as they cut the middlemen too and source directly from the companies then why I should let go of the dollar coming into my country? especially when I loose my dollar on oil imports (which shall continue to go up in future) Also, if I have to choose between 99 Cr Customers and 1 Cr middlemen (hypothetical figure) I think being a democratic nation I can decide in favor of the customers |
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Messages In This Thread |
What do u think of FDI in retail to be introduced in India? - Harsha - 11-27-2012, 06:36 AM
[] - anil kumar - 11-27-2012, 06:45 AM
[] - manav m - 11-27-2012 06:45 AM
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