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But a local retailer may not be benefited because it will decrease it's market share.
Hello guys, FDI means a company or a corporation which is established outside India is investing in Indian market by forming a joint venture company, wholly owned subsidiary company or otherwise.
It also helps in increasing foreign reserved which we can use in payment of import goods.
Yes, it is good for India because the developed country connection to India will increase, much product of the developed country provided in cheap price so it is a good thing for the local costumer our country. If we look from customer's and Government's point of view than Yes because a consumer can got a lot many choices and government will earn revenue in terms of taxes.
Further I would like to correlate this incident with our history.
I would like to take a flash back to our history that British had also come in India in disguise of investors but later on they captured India deceitfully and ruled over India.
The advantages are available mostly to the government and consumers.
The surplus inflow of foreign goods does impact retail industry resulting in poor performance of indigenous goods.
Hence FDI though beneficial to Indian economy in lot many ways should be strategically implemented in India keeping in mind its impact on every Indian industry.
So keeping in mind old incidents I would like to emphasise that some restrictions should be imposed on foreigners in context of their investment in retail sector.
Am not saying that FDI is not a good thing but there should be some restrictions over it.