What do u think of FDI in retail to be introduced in India?

[gandharva]

FDI in India is for the good.

Present condition with no FDI in retail
1. Do farmers get right price for their products?
2. Can farmers sell their products without middle men?
3. Is super market practice doing any harm to farmers?
4. Can a farmer adapt new technologies in agriculture industry without proper investment?
5. Is there any chances of improving agriculture as a industry?
6. If anybody has a land and if he wants to earn from it then will it be wise to use the land for agri
purpose or real estate?
7. Are all farmers self reliant for agriculture?
8. Is retail business shines without agricultural products?
9. Is knowledge on agriculture effectively utilised?
10. Is agricultural product rate bringing down the inflation?

If your answer is yes for more than 2/3 of the questions then FDI in retail may be harmful to the nation as a whole.
If more than 2/3 of the answers are NO then FDI in retail is benefitial to India.

Now India is second to China as a economically growing country, the reason behind this is Industrial Globalisation.
During globalisation transformation the same opposition was there as to Indigenous products might get affected. But due to technical collaboration & joint ventures we are now self reliant in technologies in industries to compete with foreign companies to make India a fastest growing country next to China. That means our productivity in infrastructure, development & technology increased. Now we can produce the same product competable to foreign companies with more economical than imported ones.
If we use the products that are produced with more advanced technologies by joint ventures then we can learn how to produce them by technical collaborations. After some years monopoly will not be there as we might have known how to produce them.
This was the brain behind the Globalisation in industries. Indigenous manufacturers started marketing foreign products for some years & then started producing the same products economically with technical collaboration with them. Because production indigeneously with the same technology will be economical than importing those products. But China is producing with still economically that is why they are number one. After some years they have started their own products & compete with others.

The same thing is going to happen to our agricultural industry in another 10 years. For the first few years we use the products. Then we will learn how to produce them. Next years we start to produce them but with more economical than them. Afterwards we will be self reliant in producing them avoiding monopoly. So after 10 years we will be the largest producers of agricultural products in the world & second largest growing country in the world for sure.

Hence by past industrial globalisation experience we will welcome FDI in retail till we learn how to produce them because Japan is producing agricultural products in lesser time due to hybrid technology. Let us learn how to produce them and make our own innovation afterwards.