Foreign direct investment (FDI) in the retail sector is not as big a threat as it is made out to be by the opposition parties and some of the UPA allies. Their resistance to the move is driven by their motive to come out looking like the well-wishers of kirana store owners. By allowing FDI in the retail sector, we will be able to cut out the much-criticised middlemen and make our farmers and consumers the end beneficiaries. Also, there might some job losses but overall it is going to create a lot more jobs than what this sector has to offer today. Sadly, no political party is taking pains to understand the nuances and implications of this move. They seem to be opposing it just for the sake of it.
All parties need to rise above petty politics and work towards what’s best for the sector and the Indian economy.
Bal Govind, Noida
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