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Q.

Foreign direct investment in the fast-growing retail sector will ''significantly'' boost hiring activities and has the potential to create about 80 lakh jobs in the country, predict experts.- Will this out weigh the exploitation ?

Tags: money, careers, retail sector
Asked by venkatesaldevarajan, 07 Dec '11 03:01 pm
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Answers (3)

1.

For the first tiome some one has written something positive about FDI and i fully agree with this statment. these stores have the capacity to employ more than a crore employees all new jobs without hurting any small time retailers
Answered by iqbal seth, 07 Dec '11 03:04 pm

 
  
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2.

The job opportunity may be significant but chances of capital flow by way of profit and exploitation of farmers (by paying less ) and retailers (by way of losing jobs) could be much more serious . If somehow govt makes a control mechanism to check this exploitation FDI could be considered as it will boost rupee to get strengthened .
Answered by sk singh, 07 Dec '11 07:15 pm

 
  
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3.

Many political parties, learned members of Rediff QNA, etc opposed the proposal for FDI in retail on the ground that the move was sure to culminate in the large scale wiping off, of local traders from the scene.(thus resulting in job loss of the employees of the shop), exploitation of the farmers and consumers at a distanrt future, when only the foreign retailing giants are left on the Indian shores etc.
I do not know whether the FDI in retail would generate 80 lakh jobs , as claimed. It sure, will create additional job opportunities.
Now coming to the last sentence of your question. It is the most important part of the question. Yes,it will outweigh the exploitation, the exploitation the producers(farmers) were experiencing at the hands of the middlemen and the exploitation of the hapless consumers by the traders in the form of substandard, and fake products at very high MRPs labelled on pilfered packets.!!
Now that the proposal has been put on the back burner a ...more
Answered by thampy chacko, 07 Dec '11 03:14 pm

 
  
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