Build your professional network on facebook via our app Go to app
 
<< Prev  10 of 13 in Topic  Next >>
Associated with other topics :
Posted in Community :

Patni Computer Systems |

Polaris

 
By : Sheetal Jadhav, Sales/BD Manager, Future Group
Industry : FMCG/Foods/Beverage Functional Area : Global Business
Activity:  3 comments  654 views  last activity : 06 15 2011 16:15:26 +0000
 Refer 10
Share
 
 
 

What will you think and what will be your decision, if you were given the power to debate and decide on that particular issue? Will you allow FDI in Retail, wait for some time or never will allow such investment?. It is the very tough decision to make....

There are two perspective or approahes in answering this question, legislative and economic.

According to legislative approach, foreign direct investment (FDI) in pure retailing is not permitted, the reason being that India will have to lift the ban or face WTO'S 'cross-retaliation' measures,which will deprive it of tariff and trade privileges that are available to India under the new General Agreement on Tariffs and Trade. 

Economic Approach: This approach believes that FDI will help in improving the concept of cost -benefit analysis, in Indian pricing market, so entry of FDI in Indian retail should be entertained.

So there is  a serious confusion  whwether FDI in Indian retail should be allowed or not. Have you ever noticed that such FDI is  not related only to economic benefits but also the approach and attitude of Indian seller or marketer.

Will Indian allow the foreign to act as shopkeepers in India?

Obviously views will vary, but majority will not be in support of such kind of investement plans but infact it is subjected to regualtory supervision. India is today the only major economy that still does not permit FDI in retail trade.

The FDI entry in retail will raise the rate of investment as well as help in generating demand for the increased goods and services produced,and these are the key components of achieving GDP of 8-10% per year.

So question for you is that will you allow the entry of retail giants like Walamart, Carrefour, Ahold, JC Penny, et cetera to enter India for easy achievement of booming GDP?

 Top Comment : Rajeev K Jha   | 06 15 2011 07:03:31 +0000
Yes Absolutely, FDI in retail should be allowed. There're millions of "Mom & Pops " stores in India and none of them are paying tax to government. Their entire transaction happens in cash and avoid taxes. Multi-Brand retailers will not only give huge tax earning to Govt. indirectly benefit Urban & Rural India.
 
3 comments on "FDI in Retail should be allowed"
  Commented by  Mohan Murari, Manager-Property Sales    | 06 15 2011 16:15:26 +0000
Rating : +1 
Dear Rajeev, I agree with you regarding the FDI in retail but what is happening to the tax money which is now paid to the government and the states,there is no information whether it is used for the development of the nation or for the development of the politicians.
  Commented by  John Jacob, Consultant, confidential    | 06 15 2011 08:24:38 +0000
I agree with every word that Rajeev has written. FDI in retail is a necessity, there is no point in locking it up - when will the government wake up?. There are millions of these so called "Mom and Pops" shops whose service is pathetic and quality, disgusting. If you oppose these shops then you are branded as "against the poor" - that is not the right attitude. The jobs of these people should be protected but it is time for these shops to go. FDI in retail will be a win-win situation for customers, "Mom and Pop shops" as well as the government.
  Commented by  Rajeev K Jha, India Head - Permits & Liaisoning    | 06 15 2011 07:03:31 +0000
Rating : +1 
Yes Absolutely, FDI in retail should be allowed. There're millions of "Mom & Pops " stores in India and none of them are paying tax to government. Their entire transaction happens in cash and avoid taxes. 

Multi-Brand retailers will not only give huge tax earning to Govt. indirectly benefit  Urban & Rural India.
Add your comment on "FDI in Retail should be allowed"

Rate:
Submit
Resource Specialists in IT & ITES
Dy Manager-Internal Controls opening in Chennai
Opening for Asst Manager-(Manufacturing)
Viewers also viewed
In the  recent edition of Partnership summit 2010 which was organised by CII, people said that...
 
438 referals 6 votes, 1896 views
This is always a controversial topic. Whether Mercy Killing (Euthanasia) should be allowed or...
 
166 referals 25 arguments, 8545 views
Last Monday(10 May), the Allahabad High Court held that a Muslim man's marriage to a woman of...
 
530 referals 151 arguments, 2002 views
more...  
Recent Knowledge (9)
Tip 1 - Use Titles or Headings That Match The Jobs You Want With employers receiving hundreds of...
 
562 referals 16 comments, 933 views
Surfing a gallery of resume covers letters and thought to share with you all professionals here...
 
155 referals 8 comments, 416 views
Wellcome, We are here to discuss, share and improve our knowledge in the field of effective...
 
37 referals 29 comments, 4840 views
more...  
More From Author
Marketing is big time necessary to spread the word in the first place, if people dont know about the product at all in the first place how are you even expecting your consumers to buy by just placing the product in the shelf....that wont happen, if...
" Retail chain Shoppers Stop today said it may increase prices of its products by 6-7 per cent from April this year in order to offset the 10 per cent excise duty imposed on branded apparel in the Budget 2011-12 .".. This is a news I just read...
Brands still tend to box her into a simplistic classification of the bahu, beti, biwi, ma, seductress....will this type of marketing to women work out in the first place.  What do you think people are brands still into simplistic classification...
more...