An article sent by Chander Mohan Aggarwal. Today our government has allowed more FDI in different sectors to correct the devalution of rupee against dollar. Such corrective measures are being taken by the congress government for the last 25 years but the Rupee has depreciated from 1:1 to 1:60 in last 63 years. Let us understand the simple funda of international trade. In international trade it is always a barter system. If you are buying something then you will have to export anything to equalize the value. The value of imports and exports are to be lavelled. That is called balance of payments. If you import more and export less, it means that you have to pay more than what you receive. If continuously we are into such trade and practice then automatically there will be a great pressure on our currency causing its develuation. But there are some other short time corrective measures such as inviting other countries to invest in our country. That is called FDI. If such FDI is called to increase the productivity of our country resulting to curb the imports and opening the new markets for export than it is good. That was the reason that in past our government has restricted few sectors for FDI. Today our government has opened those sectors. NOW A SIMPLE QUESTION TO THE GOVERNMENT- HOW THIS WILL HELP TO OUR COUNTRY IN LONG RUN? WHY THESE SECTORS ARE OPENED NOW.IF OUR GOVERNMENT THINKS THAT IT IS A CORRECT ACTION THEN WHY IT WAS NOT TAKEN PREVIOUSLY.WHAT HAS MADE THE GOVERNMENT TO THINK THAT NOW OUR ECONOMY IS MATURED ENOUGH TO SUSTAIN THE INTERNATIONAL PRESSURE ON INDIAN RUPEE IN FUTURE AFTER OPENING THESE SECTORS FOR TRADE. If somebody is investing here then it means they are investing here for profits and not to serve our country. If they will invest 10000 crore dollar then they will take 10000 crore dollar back every year or so and this is actually happening which is causing a suicidal effect to our economy. I could not understand that how FDI will be helpful in the sectors allowed today. It is not going to increase the productivity. Insurance, defence telecomunication, transport of gas and oil etc. These all sectors are dependent on productivity. But no solid plan to increase the productivity. Tell me what good has done by these foreign companies after entering into our domestic market. Our politicians are determined to ruin the country. "GOD BLESS INDIA". In hope of better tomorrow: CMA 16.7.2013.
Posted on: Tue, 16 Jul 2013 18:31:11 +0000