FDI row: NRIs support FDI in Indian retail sector

December 05, 2012 20:18
FDI row: NRIs support FDI in Indian retail sector

As discussion on FDI was going on in the late evening at Parliament, a large number of NRIs reportedly glued to the television sets to know as to what was happening in the country of their origin. Whether NRIs support foreign direct investment? This is an obvious question even Wishesh network got. And we got in touch with a number of NRI s told us that they support FDI in Indian retail sector.

One of the NRI s, Varun said he would be happy to see shops such as Wall Mart and other majors opening their shutters in India. He even said that he used to imagine that it would take at least dozens of years for his country to become like the country he was living in (in terms of retail operations), he said he was surprised to know the new economic revolution that would make his dream come true with immediate effect. Scores of others to whom Wishesh network spoke to, said that same thing.

However, it's still a big question mark whether FDI in Indian retail sector a boon or a bane. Time alone has an answer for this.

(AW Phani)

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