Wednesday, December 5, 2012
FDI In MULTIBRAND RETAIL
The Indian parliament is engaged in a hot debate on whether India should go ahead with FDI in multibrand retail or not. Various classes of people namely the Indian retail community including small retailers ( Kirana stores ), farmers, employees of Indian retailers, multi layered middlemen system and finally the consumer. Every body's aspirations are to have a prosperous and better life. This means interests of every class clashes with that of the other. Farmer will like to have maximum value of their produce, consumer will like to have maximum value for its money, workers whether in the farming sector or small retail will love to have better wages and better working environment or in other words will love to be part of organised sector and the middle men will will like to earn maximum through commission trade. It is in this confusing scenario that the country has to seek a solution for the betterment of its masses.
It is a basic fact that every individual whether belonging to rich, middle or poor class, whether from the farming community, working class, retailer community is a consumer and any means/ any policy measure that can help in lowering down the price to the consumer and simultaneously giving better remuneration to the farmer has to be welcomed. Any measure that moves the work force to organised sector from unorganised sector with better working conditions, amenities and basic perks like insurance and medical facilities has to be welcomed and not decried. If the scale of operations can help in manufacturing activity and reduce the cost to consumer in fields like automobile, telephone etc. without harming the small sector and in fact giving a big boost to all ancilliary industry and small scale industry.
In the light of this, the country must make use of benefits of scale of operation which is the only way forward to improve the standard of its masses and FDI in multibrand retail is one such measure that will go a long way in mitigating the plight of Indian masses with enormous high grade employment opportunities at all levels at the front as well as back end. Not going ahead with such an opportunity will be a retrograde step and an opportunity missed to improve upon the plight of India's poor masses.