The Instigator
neelam
Pro (for)
Losing
0 Points
The Contender
rajun
Con (against)
Winning
4 Points

Foreign direct investment

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Post Voting Period
The voting period for this debate has ended.
after 1 vote the winner is...
rajun
Voting Style: Open Point System: 7 Point
Started: 7/28/2013 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 4,703 times Debate No: 36074
Debate Rounds (3)
Comments (3)
Votes (1)

 

neelam

Pro

FDI is useful for our country in every sense for it will not only bring new infrastructure to our land but will also provide competitive environment. The wastage of agricultural produce can be hindered or atleast reduced. It will enable the farmers get better price for their crops. Overall the economy will rise as the consumers will get commodities at reduced prices.
rajun

Con

Hello everyone. I agree with the fact that FDI(foreign direct investment) is a useful scheme for the growth of a country but, we must also not forget that this scheme only does the job as statistics. FDI will be a scheme where the foreign companies will be able to sell their products directly in the country without using any intermediaries and will be most probably taxed. For instance....The footwear company Power uses BATA as a medium to sell their products in India and bata as a private firm takes the profit but here the government will gain.FDI will only give the foreign companies the right to use our resources and produce goods and then sell it to the country but it will never guarantee it. The foreign companies might make products out of cheap and useless materials and sell them in our country at high prices which will not of course increase our economy in the real sense but only see to that our PCI(per capita income) increases which is of no use when problems like poverty , malnutrition and bad hygiene and CORRUPTION dominate the country.
That's the word corruption. Friends, believe it or not, Rs. 10000 crores were sent to a state for development but no development was seen as all the money was going into the pockets of the administrators. If such situation is present in a country how can one guarantee of development and prosperity through any scheme.
I would like to oppose my worthy opponent's views by saying that problems like poverty, malnutrition and corruption should be fought against and only then will our country be able to take up schemes like FDI to increase our economy as they require strict laws and rules...
Debate Round No. 1
neelam

Pro

neelam forfeited this round.
rajun

Con

Same as above.
Debate Round No. 2
neelam

Pro

neelam forfeited this round.
rajun

Con

I see my views go unopposed...

vote con.
Debate Round No. 3
3 comments have been posted on this debate. Showing 1 through 3 records.
Posted by neelam 3 years ago
neelam
I mean extremely sorry for late reply, but that was not because of any excuses Mr. Rajun. If you are interested we can still continue the debate irrespective of time.
Posted by neelam 3 years ago
neelam
How do other developing countries having FDI manage? My worthy opponent has raised question about 3 things: poverty, malnutrition and corruption, so I shall answer you accordingly-
1. POVERTY: The need of the hour is to increase entrepreneurship in our country which will definitely reduce poverty to great extent.
2. MALNUTRITION: Increased productivity=cheaper prices for consumers. So, the poorer section can have food at affordable rates, which will, to a certain extent, reduce malnutrition.
3. CORRUPTION: If the mediums only are destroyed, the transparency will come into force. So, no question of corruption! Moreover FDI will increase white collar jobs. Example: India"s "software and outsourcing industry" .
And, my friend has also pointed out the fact about guarantee. I would like to bring it to your notice that if you trust a a brand in India then that's a result of years and years of experience and reviews. Now, when it comes to foreign brands, at initial stage people may make mistakes in choosing the items but time will teach them which brand to trust and which not. Just because we are not in touch with such new things we cannot stop getting introduced to them, fearing of failure. 'Risk taking is the essence of innovation'. So, in order to grow we will have to learn to take risks my friend. And such a risk, which is exposing us to outer world is worth taking because there are chances of growing. If you say that let us wait first for the removal of poverty and other such elements to be removed from our country then please take a look at the history! What not has been done by our leaders ever since the time of independence to remove poverty? They are trying till date to remove it. Now, if so many Indian minds have been unable to eradicate it, don't you think that something is missing? Let us try to bring a foreign touch to our land. Who knows, may be it turns out to be a delicious one?
Posted by rajun 3 years ago
rajun
Sure...neelam is out with excuses..LOL
1 votes has been placed for this debate.
Vote Placed by airmax1227 3 years ago
airmax1227
neelamrajunTied
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Total points awarded:04 
Reasons for voting decision: Cons R1 went unopposed. Conduct for FF.