FDI - For Development of India

If there are persons who cares for India at present, MANMOHAN SINGH will be the first on the list. Everyone knows what he did for country in 1991. Bringing economic reforms and opening Indian market to foreign investors was a big bold step. It might have gone either of ways-establishing a stable economy or a “would be disaster”. But if he didn’t took those reforms it is obvious that country’s economy would be garbage now. So he took a chance of 50% than of certain gutter the economy. It became a big hit that Wikipedia categorized Indian economy into the following periods:

·         Before Independence

·         Between Independence and 1992 reforms

·         Post reforms to present

That explains the impact of reforms on our economy. If we change the year from 1992 to 2012 a similar situation exists now. Only exception is that we are forced to induce policies in past and we are preventing that situation now by adapting now itself. As usual, there are lots of myths and facts about current reforms. But the problem is we are used to take the negative news more than the positive. Even our “black boxes” showcase the same. They are power amplifiers of negative news and resistors of good news (there are exceptions like doordarshan but people rarely call it a TV channel).

As of now, three sets of reforms are induced viz.FDI in retail, hike of fuel prices and FDI in aviation and more are expected to come. Actually I’m expecting this from a quite long time as this is my most romantic part of the reforms.

            In this segment, people believe that small vendors will lose market and giants like Wall-Mart, Carrefour will dictate Indian retail segment. But the reality is completely different. When they allowed FDI in other sectors in past, Indian companies doesn’t lost but became competitors and set some new standards. Now Indian companies are expected for foreign investments in countries like U.K, U.S and Latin America. Though in retail it is not expected as that incredible, there would be high standards induced.

The main beneficiaries of this reform are farming community. I, from an agricultural family, experienced how middlemen exploit both farmers as well as the customers. In other case, if they are allowed, they’ll create a supply chain system which doesn’t exist before. They’ll source directly from farmers at comparatively higher prices and in contrast, end customer also gets the product at cheaper prices that too with better quality. If you are buying something like that, aren’t you happy ? And I’m very sure that farming community will be happy too. The main problem is that many of agriculturists are illiterate and doesn’t know the benefits of it. If they got to know by some means, damn Mamata and other politicians-it would be a completely different story.

Moreover, our country didn’t face a mass protest from farmers yet. And politicians should be happy that the situation is better like this. If it does happen, it’s nothing but chaos. I still can’t understand the logic of politicians. They are opposing it on the grounds of relatively richer and exploiting middlemen. But not viewing in perspective of a farmer. You can play only as long as he keeps silent. If politicians mess with backbone of our country, all the bones of them will go fractured.

Government also formulated some rules like investing 50% of capital in back end infrastructure like developing warehouses and cold storage. They will greatly reduce the post harvesting losses by farming community. And 30% of sourcing should be done from SME’s. They’ll indirectly strengthen the economy as SME's contribute a major stake in our economy. It does also increases healthy competition among themselves, providing better products at relatively cheaper prices. Introduction of FDI in retail reduces the stages from producer to customer to a meager two to three which is really helpful to both the parties. And our beloved didi is opposing to this.

However, there are some disadvantages too like effectiveness of implementation etc, but we’ll not throw it out on those basis. It’s time we need to look ourselves forward for a better future, at least by not supporting those who stand as speed breakers for our country’s development.

NO SENSE AND NON SENSE

In recent times every Tom, Dick and Harry are fasting in so and so “leela maidan” and doing lot of leelas. They are soo dramatic that lord Krishna would be envious looking them. A quote by them is “congress ko hatao, desh ko bachao”. I would re frame it like “ramdev baba ko hatao,sab janata ko bacho”. He says congress have no interest and responsibility of bringing black money back. I would question the responsibility of him having a protest and fasting in Ambedkar stadium which is so near to rashtrapati bhavan just two days before celebrations of our Independence Day. If something weird happens and BLASTS occurs (they became monsoons of cities recently, visiting at least twice a year) does he stand responsible for it? Even if something occurs, they would again blame government of inaction. Even some extends and may say only due to black money blasts are occurring, tsunamis are coming in India.

Further, team Anna said they will contest election; I welcome their move wholeheartedly. And for the god’s sake I want them to win every constituency they contest so that we can see their ability to run a successful government. According to them a government doesn’t bring a bill according to their wish and doesn’t negotiate with them when they are fasting is not a responsible government. I would ask their direct motive in hosting recent CIRCUS SHOWS is to hold a meeting to say that they’ll join politics. If they followed chiranjeevi’s policy in Andhra Pradesh, they would have at least some of the media attention, which doesn’t lasts long like make up on faces.

By the way, hero of today is Ramakrishna yadav(alias Ramdev baba). As Moily said it’s just a waste of time talking about a person who lost his credibility. It’s like Pakistan promising no more terror attacks in India. He claimed 400 lakh crore of black money abroad. It is 9 trillion..!! Moving assets abroad can happen through inflating import costs and evasion of taxes. As total of tax cannot be evaded since government regulates main imports like crude oil and ornaments, let’s assume some 20% of it is evaded. That makes it we have a trade of something nearly 45 trillion..!!.Oh god! India’s GDP is 1.5 trillion. So Ramdev please stop talking S**T, and all the people supporting him, if you ask him details of the countries and banks of those, I think we can celebrate a lot.

I remember a story from my childhood-A father tells his son to look after lambs and warn him if a tiger arrives. Son plays prank for two times and father comes both the times. Third time tiger arrives for real and son screams like hell, but father doesn’t care. Ultimately the loss is for them. Similarly Anna fasts for one time; government comes down and negotiates for lokpal. Ramdev fasts another time for bringing back black money, government comes down and plea to stop it. There would be no third time.

As our president said “When authority becomes authoritarian, democracy suffers; but when protest become endemic, we are flirting with chaos.” Don’t take your right to protest for granted, our constitution provided duties along with rights. You can protest only to a certain extent, after it reached its threshold, no one can save you. THOSE WHO LIVE BY MEDIA DIE BY MEDIA. Remember it and don’t overact. Just be perfect and tell others to be perfect. If they aren’t, question them but it’s not the way. An Olympic gold is worth only if you won it in a right way not by doping. Similarly, disgracing legislation is not the right way to express your anger. Don’t get carried away by the lip service of BJP, BSP, SP and TDP. They do it for their own benefits and not for saving the nation.