2.12.11

MOVE FOR FDI IS NOT IN INDIA'S INTEREST



MOVE FOR FDI IS NOT IN INDIA'S INTEREST
Anna Hazare has rightly said that the move for FDI is not in India's interest. He wonders why the government is not listening to the voices of the Opposition and mainly, the people. Many States have opposed FDI in retail and have said they will not allow such shops. Why is there so much insistence on FDI? The British came for trade but then ruled us for 250 years. Is the government inviting “them” to make us slaves again?
SHARP REDUCTIONS IN THE NUMBER OF TRADITIONAL DOMESTIC RETAIL OUTLETS IN VARIOUS COUNTRIES
When the U.S. population was 15.5 crore in 1951, there were 1,600,000 retail counters. It came down to 1,145,000 in 2011, when the population has gone up to 31.2 crore. In Thailand, there was a reduction to the tune of 30 per cent in the 10 years after opening up retail to FDI. -A.G. Rajmohan,
RETAIL GIANT WALMART HAS A TURNOVER OF $400 BILLION THROWING OUT EMPLOYEES
The push for allowing FDI in retail is based on false claims that the Central government has been repeatedly making. In the U.S., retail giant Walmart has a turnover of $400 billion, and employs 2.1 million people. The Indian retail sector, too, has a turnover of $400 billion, but employs 44 million people. In England, an enquiry revealed that instead of creating new jobs, retail giants were throwing out employees. The Indian economy needs reform but more importantly, there should be focus on the poor.

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