Fdi in Retail in India - a Boon or a Bane ?

After addressing the question of Politics over economic reforms in India in previous blog posts i want to discuss the concept of FDI in Retail in India which is a huge controversy these days and i find that most of people are superficially dealing it & not dealing it analytically with facts, logic & reasons. Yesterday i had nice interaction with KIRAN MAJUMDAR SHAW, CEO of BIOCON on TWITTER with respect to REFORMS in India & FDI. So that conversation made to understand the concept & write this Blog Post with facts & opinions with the aim objective discussion rather superficial debates on TV.

Well FRIENDS without wasting time i will directly discuss the Policy of FDI In RETAIL. Well for layman's it means that Foreign Direct Investment in Retail Sector which means opening up of mega malls or marts where the consumer can can buy multiple items under One Roof. This concept of Multi Brand Retail has been in existence in developed nations of west since many years and decades like WALMART, TESCO etc. The Govt of India wants to introduce this Concept in India Retail Sector.

The Govt's Arugement in Favour of FDI in Multi Brand Retail Are:

This Policy would provide opening up of Mega Marts like WALMART, TESCO in India where you can do Multi Brand Shopping under One Roof.

This will lead to Huge Flow Foreign Investment in India thereby by improving the Health of Economy & General Sense of Investor Sentiment in India.

This Policy would provide Better Prices to Farmers for their Products.

This will lead to Healthy Competition in Market with better Quality products to People.

This will generate huge employment in India.

Multi Brands stores will help in setting up Cold Storage's in India which will save many items which are perishable, therefore economies of scale.

This will stop adulteration & low quality of products.

This will reduce the role of Middlemen who play an active role in Inflating the price of Farm Produce till it reaches the Retail Shops.

This will...