How retail FDI can create Jobs and Employment in India


How retail FDI can create Jobs and Employment in India
The much hyped hue and cry about retail FDI in India is catching up newspaper headlines now days. Everyone from street vendor to top politician is showing his/her concern for so called after effects of allowing retail FDI in India. Much is talked about mass unemployment, a new dawn of foreign controlled companies something like East India Company of British Raj. This debate in public domain is being circulated by and through those who were pro development few years back and great supporters of Retail FDI in India. But now it’s not worth to use for their political road map.
Let us have a look at the same from different perspective. Inflation and price rise of essential commodities has become a ritual. We all are suffering from the same. Our anger has started coming out of our hearts in the shape of Anna Hazare movement. This movement may not save millions from our pockets but it allows us to show our anger publicly and collectively. Without diverting my attention to another topic I just want to add that if Retail FDI in India is allowed, it may solve the problem of a farmer in reaching his food articles directly to the consumer at affordable prices. Role of mediators can be minimized. More jobs and employment can be created in cold storage, supply chain management, sales counter jobs etc. No foreigner is going to come to India for these jobs. We may focus our attention on quality and productivity, leaving the middle role to big companies. Moreover, if we remember 1991 policies of than Narsimha Rao Government, it was widely publicized that multinationals are going to eat our bread and butter in few years. But we are in commanding position worldwide in many areas, say software, auto, and steel etc.Leaving aside everything; we should allow Retail FDI in India for more job and employment generation.