fdi- good or bad?
Debate Rounds (3)
in spite of encouraging the local markets and the industrialists we are approaching the foreign investors that they invests in the country. it will be a big loss for the market.
It will greatly affect the economy of our country the whole of the money as profit is going out and actually we are fooled that it is boosting our economy . if we really want to culminate the Indian economy then this is not the correct way . i am totally against it
it is better that we realize early that it is not the right way for approaching the development we are wanting to do
secondly as FDI enters the country, developments are bound to follow. For a country like India, which is developing, the entrance of foreign companies would result in technological advancements.
This would help, in the long run, to transform a developing country into a developed one, by boosting its economy.
so if we talked about the technological development the right way to get the new technology is to research on the vast field of it.
the economy can be boosted if our currency remains more with us and utilizing it in a right way.
Domestic manufacturers should compete with FDI by formulating various strategies to survive in the market. Competition between the two will take India's economic growth to the next level.
secondly you are right that its not due to the FDI that people are not opting for their own business but in case if FDI apply to the Indian market then the peoples will definitely start to following their technology and once again western technology rules in the market .
so if our aim is to become super power and change the technology from western to south eastern then we definitely have to abolish the idea of FDI and definitely it will take a lot of time as well as money but the success and the technology we will have will followed by others so if we have this type of competitive mind set rather then that we bring FDI and then we have the competition I am totally against it . the other outcome of this growth will leads the economy to a much higher level and then we can say that we reached to the so called NEXT level because.
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