You are speaking as of the retail FDI is a PANACHEA and with it we are going to become a developed country by starting to spend the way the Westerners do. What about creating the funds internally through internal savings & investments. No FDI is doing charity, they are going to invest and take the profits away and not invest back into in India itself. Retail FDI is only as good as the opportunity it creates in India in the form of SME Employment generation.
Breaking News : BJP on Wednesday issued a veiled threat that it may scrap the decision to allow foreign direct investment in multi-brand retail if it came to power............................................................................................................
BJP & TMC should be held responsible by the people of this country if India is downgraded and any and all losses suffered by the country & its people.
I don`t think that the concerns are over done considering that despite a strong domestic consumption story we are facing a slowdown. I feel this is mainly due to the policy paralysis that was existent for such a long term and some real strong measure have to be taken (and here I mean executed and not just lying in the pipeline for years).
Its more concerning than they show up. Because due to inflation and political system to not able to foresee future issues and taking decisions for present good news will deplete the growth story because India`s main advantage is domestic demand. Once FDI decisions effect millions of SME`s there would serious problems in distribution of wealth & hence decreasing domestic demand. Which is the root cause of crisis in west. Corporate sector is required for development of economy. But over induction of corporate sector is catastrophic
The rating agencies never go wrong, if Pranab Mukherjee continued as FM , there is no doubt India would have a few notches down in the rating. Thank god he cannot harm the country as the President.