The Instigator
pankaj_bansal
Pro (for)
Tied
0 Points
The Contender
avinash_kumar
Con (against)
Tied
0 Points

fdi- good or bad?

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Voting Style: Open Point System: 7 Point
Started: 1/17/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 1,265 times Debate No: 44141
Debate Rounds (3)
Comments (0)
Votes (0)

 

pankaj_bansal

Pro

as it is a hot topic whether FDI or outsourcing should be allowed in a country like India or not, let's have a debate over it.
avinash_kumar

Con

FDI is seen as the most astonishing step for the economic growth but i am totally against this . according to me the FDI will greatly affect the traditional and local markets and industries . manufacturing units will be greatly affected .the retail sector will be totally collapsed .
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
Debate Round No. 1
pankaj_bansal

Pro

first thing as the amount of investments in the country grow, more job opportunities will follow as well. Unemployment would be lowered as there are more job openings for the unemployed.
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.
avinash_kumar

Con

firstly you talked about the job its right that we will get the jobs with this but why we people always emphasize upon the getting job and never talked about the entrepreneurship and research and development . in this sector the government can also provide some funds for these and if we look at the most developing countries like china they are growing at a rate of 7.7 % much faster than us one of the reason behind this is there mentality of self established business.
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.
Debate Round No. 2
pankaj_bansal

Pro

dear friend you are talking of entrepreneurship, you know service sector in India comprises 60% of the GDP and 35% of the total employment. If FDI is the reason youth is not going for entrepreneurship then i admit it is not good at all but youth today are less willing to take risks and want to join a job instead of starting a new venture on their own, i think increased competition in market may give us courage and will to go for research and development and give a competition to other countries. first and primary sector of employment in our country which is agriculture and unfortunately which is decreasing due to low income, will also get a boost with the introduction of FDI in our country as prices will go global. which you see will really be beneficial for a growing economy like us. also consumer savings, growth in infrastructure, more employment are no way bad for a developing country.
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.
avinash_kumar

Con

yes you are right my friend that the 60% of GDP comprises of the service sector but if we look at the amount of peoples involved and compared with it the secondary sector (industries ) which contributes about 25% of the GDP is run by a bunch of enthusiastic peoples then we come to know the difference in these two sectors .
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.
Debate Round No. 3
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