BJP hints at scrapping FDI if it comes to power

[IndoCarib]

Indian economy is set to perform – regardless of BJP-CPM

If you ignore, for a moment, the ideological and strangely opportunistic protests by the BJP-CPM combine, you will find that in the long run they are irrelevant. Recent studies of high growth economies show that although the Indian economy took a hit from the global financial crisis, it is on course to becoming the 3rd largest economy in just over 20 years.

Indian economy is set to perform

 

[JayAtl]

2004 costly onions still haunts BJP................

then FDI is the solution. and the only solution because it gets business to build distribution centers putting a stop to the wastage

monumentally idiotic statement by the BJP and MODI was the one who also joined in early. That surprised me...he showed he is him first before country .

 

[Bombay Dude]

Now where are all you "kongress" haters who think BJP will take India to the heights of greatness. Rest assured , it is just another party filled with goons which is opposing FDI and opposed nuclear deal just because they were signed when they were not in term. They hardly give a damn about what's good for the country. Btw , I am not a congress supporter and maintain no interest in politics.

Where were the Congress Bi*tches from 2004-2012?

Oh Wait From Last 65 Years, These are the same People who with their Jacksh!t Socialism gave the World's Largest Number of Poor?

It was BJP under Vajpayee who got the Nuclear Bombs and also removed Sanctions under a Couple of Years. Also the Nuclear Deal was initiated by BJP when Bush and Vajpayee were in Power.

Look at the Trade Deficit with China and What are the Export Items of India to China. Then come and talk.

With the Jacksh!t BPO and IT Crap, Economy is already F*cked up when the funds to be used for Infrastructure and Manufacturing were sent down the Gutters in NREGAs and Scams. FSB is in the Waiting O Bi*tch! That's Another $20 Billion!

Also 30% Sourcing Clause has been removed from Mandatory to Preferential.

Enjoy Imported Cheap Chinese Dumped Goods on Walmart Shelfs!

 

[Abingdonboy]

I'm sure that if the FDI produces the kind of results that have been promised that by the time the BJP potentially came into office it would be beyond stupid to go back on such a successful initiative.

 

[indushek]

Oh God please save the humans from this class called politicians who are a wily sniveling opportunistic sons of b!tches

 

[arp2041]

No govt. take a major policy decision back, even if it was earlier in opposition to it, we have to keep one thing in mind that all policies are not made by political parties but bureaucrats. They are the one who make policy decisions & the minister or party at the helm just select it or reject it. Even Manmohan Singh opposed NDA's Pokhran Nuclear tests when he was the leader of the opposition in RS, but when he became PM, he only took forward the initiative taken by the NDA & ultimately signed an Indo-US nuke deal.

The trouble with BJP is that since it is the principle opposition party, it cannot be seen taking sides on any issue with the Congress, as it would greatly reduce it's appeal to the common man who currently sees the decision to bring FDI in retail as threatening to his daily bread. So it has no option but to oppose the move (even if it was in favor of decision while in power), so opposing it does not mean that it will scrap the decision altogether, it's just politics at work, Congress would have done the same thing if it would have been in the opposition & than had held on the decision when it comes to power, so it's not a party specific issue but Indian politics as a whole.

 

[mfreak]

Oh Wait From Last 65 Years, These are the same People who with their Jacksh!t Socialism gave the World's Largest Number of Poor?

Socialism is the major cause for failure in India. No economic freedom, corruption and what not. Its a shitty system. A society flourishes when you have economic and political freedom. America did it. South Korea did it. Why not India? This is beyond ridiculous to just scrap FDI. So where in the hell will these guys come up with funds for infrastructure development? The BJP is ******** that they aren't the ones doing it. Thats all. If they were in power, they would probably do the same thing.

It was BJP under Vajpayee who got the Nuclear Bombs and also removed Sanctions under a Couple of Years. Also the Nuclear Deal was initiated by BJP when Bush and Vajpayee were in Power.

Actually that was under congress. India was set to conduct a nuke test in 1995, but American spy satellites caught that. Under immense diplomatic pressure from the US, we had to stand down. Then we started preparing in extreme secrecy, preparing at night, returning everything to the same place the following morning, covering everything with camouflage so satellites couldn't see them, and even most of the cabinet didnt know. And it was done during the BJP rule. It took 3 years to prepare. So I wont totally give credit to BJP for that. Though yes, the BJP was the one that gave the go ahead, but the congress would have done the same.

 

[sarthak]

Where were the Congress Bi*tches from 2004-2012?

Oh Wait From Last 65 Years, These are the same People who with their Jacksh!t Socialism gave the World's Largest Number of Poor?

It was BJP under Vajpayee who got the Nuclear Bombs and also removed Sanctions under a Couple of Years. Also the Nuclear Deal was initiated by BJP when Bush and Vajpayee were in Power.

Look at the Trade Deficit with China and What are the Export Items of India to China. Then come and talk.

With the Jacksh!t BPO and IT Crap, Economy is already F*cked up when the funds to be used for Infrastructure and Manufacturing were sent down the Gutters in NREGAs and Scams. FSB is in the Waiting O Bi*tch! That's Another $20 Billion!

Also 30% Sourcing Clause has been removed from Mandatory to Preferential.

Enjoy Imported Cheap Chinese Dumped Goods on Walmart Shelfs!

Yes , I will enjoy cheap chinese goods provided they are better and cheaper than Indian goods. You don't know anything about economics and competitive advantage , do you? If a producer is more efficient than the other producer , it's better to buy from that producer , and this will produce economic benefits in the long run.
As for the trade deficit with China , you seriously blame the congress? This is just a result of poor maufacturing capability of India , which is a result of bad policies of all the governments that have ever come to power.

Also , please make up your mind .On one side , you abuse socialism , well , fine. Now , with this FDI thing , India is trying to be more capitalist and liberal than ever before , and then you are whining about it.

 

[jetti]

bjp has become shitty after vajpayee only if modi takes the reigns it will improve

 

[Sashan]

BJP's vote bank is majorly made up of middle class people. They would be stupid to attempt the rollback of reforms. Temple building has lost steam and the only way they can survive is focussing on economic growth. But personally I feel this is a typical opposition party talk and they will make a U-turn once they come to power.

 

[Bhairava]

All these big bang reforms are nothing but a money minting exercises to fund the populist Food security bill, the extended MNREGA that will come somewhere in mid-2013.

BJP's vote bank is majorly made up of middle class people. They would be stupid to attempt the rollback of reforms. Temple building has lost steam and the only way they can survive is focussing on economic growth. But personally I feel this is a typical opposition party talk and they will make a U-turn once they come to power.

Economic reforms can wait. We need political and bureaucratic reforms first. Without the latter the former is only aiding crony capitalism.

 

[T90TankGuy]

Where were the Congress Bi*tches from 2004-2012?

Oh Wait From Last 65 Years, These are the same People who with their Jacksh!t Socialism gave the World's Largest Number of Poor?

It was BJP under Vajpayee who got the Nuclear Bombs and also removed Sanctions under a Couple of Years. Also the Nuclear Deal was initiated by BJP when Bush and Vajpayee were in Power.

Look at the Trade Deficit with China and What are the Export Items of India to China. Then come and talk.

With the Jacksh!t BPO and IT Crap, Economy is already F*cked up when the funds to be used for Infrastructure and Manufacturing were sent down the Gutters in NREGAs and Scams. FSB is in the Waiting O Bi*tch! That's Another $20 Billion!

Also 30% Sourcing Clause has been removed from Mandatory to Preferential.

Enjoy Imported Cheap Chinese Dumped Goods on Walmart Shelfs!

the typical BJP response . cant refute with facts .. so abuse abuse abuse.

 

[Bhairava]

........ Congress would have done the same thing if it would have been in the opposition ......

Actually they did that. MMS opposed the FDI in retail in 2002 when he was in Opposition benches.

 

[Developereo]

Why does India need FDI in retail? We're not talking about high-tech military ToT here, just plain old retail.

The Mittals and Ambanis and Tatas have billion dollar pockets. Why can't they invest in India and create 100% Indian jobs with 100% Indian profits?

 

[arp2041]

Why does India need FDI in retail? We're not talking about high-tech military ToT here, just plain old retail.

The Mittals and Ambanis and Tatas have billion dollar pockets. Why can't they invest in India and create 100% Indian jobs with 100% Indian profits?

In India (as in many other countries) there is a 3 step supply of any retail product. First being the producer, second being the middlemen, third being the retailer, adding the profits of all three a normal product gets too much inflated. On the contrary, Retail chains such as Wal-Mart, directly buys the product from the producer (or even on some counts directly produce some of the products), this helps Wal-Mart sell a product to the consumer at a good discounted rate than any ordinary retailer. Now the Indian govt. contends that since the inflation in India is high because of the middlemen involved in any supply chain, FDI in retail will help remove the middlemen from the chain (as if they are modern day Ravana ), thus it will be a win-win situation for both the ordinary consumer (who will get a product by paying less) & Foreign retailers (who will make big profits from second fastest growing economy) & govt. will in turn get the much needed FDI which can bring back the economy to the 9+% levels. FDI in retail is nothing new, even China has many Wal-Mart stores, plus since Wal-Mart (& likes) are into retail business since very long time, they can help make the unorganized retail sector in India more organized. Ambanis & others are already into many businesses in India, govt. cannot force them to open retail business chains like Wal-Mart, plus they don't have the experience of Wal-Mart in retailing not to account the shear size of it (i.e. $ 450 billions).

Though all is not as well as the govt. is trying to project, middlemen will become the biggest causality in FDI in retail, normal retailer will lose large chunk of his business to big retailers (he can never compete with them) as consumers will prefer to buy every thing from latter. Profits whatever earned by the big retailers will flow out of India & they can be the cause of more unemployment in India.

But lets wait & watch what happens after the Big Foreign Retailers come here, i guess retailers & middlemen have to adapt to the situation or they will perish under the Darwin's law.