Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

What a shame! India needs the help of foreign powers in retail trade to bring down prices and to help farmers.Can we ever become a world power- What do you say ?

Tags: india, money, world power
Asked by venkatesaldevarajan, 03 Dec '11 09:49 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

 
1.

Indian becoming world power is a distant dream, sir
Answered by iqbal seth, 03 Dec '11 09:51 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

It is surprising to note that the government is pinning its hope on FDI in retail for containing inflation, especially food inflation. Whereas, both are not interconnected with each other. Factually, there are no evidences to prove that foreign investment, especially FDI, has acted as an enabling factor for controlling inflationary pressure. Therefore, the claim has no credibility and validity. Moreover, the government has not explained how and in what manner FDI in retail trade will lead to fall in prices; and how long the fall in prices, if any, will be sustained. Even if foreign direct investment in China brought the country's economy great benefits, this does not have to happen in all the countries.
Answered by sumati gayki, 03 Dec '11 09:53 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Indian banyas corrupt and not competent enough.
Answered by Mogumbo, 03 Dec '11 09:51 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

INR is depreciating day by day, what sign one would need to understand the state of economy of the country, given the fact?
Source: siachen
Answered by Siachen, 03 Dec '11 12:07 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Not all the states are rich enough to set up procurement and storage centers of retail items. As stated by the Finance Minister there is an option for the respective states to go in or not for FDI. And if the experience is good, other states can follow. If not the FDI in retail will die. This is an enabling provision and the opposition parties, alliance partners of UPA and traders are unnecessarily creating a furore and blocking Parliamentary proceedings. They blame the UPA for diverting attention and lack of interest in Parliamentary proceedings.

It is another issue to presume that FDI is waiting to enter and pump money into India. There is no doubt that agriculturists are not getting fair remuneration for their produce and consumers are not getting a fair rate when going to buy. All the money goes to the middlemen, majority of whom neither pay VAT nor Income Tax and have amassed wealth. Their shops cost as much as our homes, and in addition their stock of goods (hoards). ...more
Answered by sridhar santhanam, 03 Dec '11 10:08 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining