A little amount of FDI in certain sctors is a good thing but by taking FDI to current extremes, this government has crossed all limits permitted by even 5th grade economics. 1) Only 6% of Indians are in permanent jobs. 51% self employed, 33% temp jobs & 10% unemployed. FDI in retail may affect self employed badly. 2) Major chunk of FDI is the Black money of our nation brought back through participatory notes. Opportunists like Mayawati voted in support of FDI in the parliament, after opposing it at UP. Her excuse? "To keep communal forces away"! 3) upto 100% FDI is now allowed in telecom (to help Marxis and Maran). Same in air travel to help Jet (firstpost/business/etihad-deal-reaches-cbi-after-bjp-mp-alleges-fdi-policy-changed-in-jets-favour-941719.html) 4) They allowed Rupee to fall first and then let FDI give large gains to Foreign Investors from US/EU. The economic model which has collapsed in the west is now allowed to plunder our nation and its people. The west calls us the third world and yet wants to invest in us? The truth is, FDI is neo-Colonization by Corporates. 5) Even the Bureaucrats at Home Ministry have raised red flags over hiking FDI cap in defence (49% !), Space Research, Information & Broadcasting. The more money comes in, more regulations will be made in favour of investing foreigners. If this will not drag us back to the days of slavery, then what will ?
Posted on: Wed, 17 Jul 2013 13:33:43 +0000