Do India Have To Allow Fdi In Retail Sector

[sharmiladevi 0]

Recently it seems that US president was concerned about “deteriorating investment climate” in the country especially in the retail sectors, it seems that India has prohibited the foreign investments in retails which is necessary to create job opportunities to both countries for which the commerce minister Anand Sharma assured that country has “investment friendly climate” and added Obama’s perception was “different from reality”.According to me, It comes to India’s concern when Obama curtailed business outsourcing to India, and when keen only about retail sectors in India as the country has lot of consumers, which clearly signifies that Americans are not confident to face Indian brains. And of course, with encouraging FDIs in retail sectors, our country’s common people and middle class will be the one who gets affected at last, (as majority of the Indian people belong to marginal class) which in turn will affect the interests of the Indian economy as some years before 1$=Rs39 and now 1$=56, which is again a decline in Indian economy. So what do you all think about it…..

Edited July 18, 2012 by sharmiladevi (see edit history)