It is truly depressing. I'm getting this strong urge to shut down my efforts and simply turn away from India. The stupid India government does ONE good thing in years, and there are MILLIONS of Indians crying "foul"!
FDI is not even 100 per cent. Just 51 per cent. And yet there are people debating this all over on Facebook/ Twitter as if the world has crashed in India.
India is a gone case. A case of mental poisoning started by Nehru that has become chronic and has infected HUNDREDS OF MILLIONS OF PEOPLE. The disease is terminal. It shows no sign of being cured.
I'm posting some extracts form Twitter, with PD bravely offering one piece of evidence after the other. All to no avail, of course.
But this is not an issue of EVIDENCE. It is a BASIC issue about liberty.
The story goes like this:
How much is the Indian taxpayer going to pay any foreigner to invest? ZERO.
When can a foreign investor make profit? WHEN THE INDIAN CONSUMER VOLUNTARILY PURCHASES PRODUCTS.
Is the Indian consumer going to be FORCED by the foreign investor to buy anything? NO!!!!
So WHAT'S THE PROBLEM?
There is NO subsidy.
There is NO coercion.
Then what's the issue?
All this stuff about "evidence" doesn't register with Indians, PD. I've long seen that.
Nehru has ensured that Indians are TOTALLY immune to reason. So, PD, stop wasting your time.
Just ask: WHAT'S THE PROBLEM?
Where's the loss of Indians' liberty?
Where's the loss of taxpayer funds?
@GuunjanJha http://v.gd/7M2tsn http://v.gd/5XdC3i http://v.gd/ntKIMG http://v.gd/YUR3Gc Hope this helps @sabhlok@GuunjanJha If u want 2 use Bhagwati's terms u need to know their meaning. Export promotion = trade neutral http://v.gd/uNRRvr @sabhlok@GuunjanJha But then are HLL, Tata and Camlin in retail? Retail SCM in India needs to improve @sabhlok@GuunjanJha Price rise is irrelevant metric unless compared with wages. For an example look here http://v.gd/tOk37g @sabhlok@GuunjanJha FDI does not build nations? http://unpan1.un.org/intradoc/groups/public/documents/un/unpan006348.pdf … @sabhlok@GuunjanJha Do you also advocate Gujarat to ban investment from outside Gujarat? If so do you oppose Tata Nano? @sabhlok@PolvolterDnkymn Out of import substitution and export promotion, I advocate later. Capital import has never been needed for dev. @sabhlok@GuunjanJha You don't think running a supply chain requires skill? Tech? Have you heard of Amazon? @sabhlok@GuunjanJha High import tariffs wasn't swadeshi? What was it then? You are advocating substituting capital import @sabhlok@PolvolterDnkymn What skillset or tech will a superstore bring from outside? It isn't Intel's chip manufacturing plant. @sabhlok@PolvolterDnkymn Those are two different things – having a good SCM and bettering an existing SCM. We are discussing latter. @sabhlok@PolvolterDnkymn It wasn't Swadeshi but I am not advocating Nehru's import substitution either. Point was FDI doesnt build nations. @sabhlok@GuunjanJha Not surprising considering they blow a hole in your contention that Walmart has bad SCM @sabhlok@GuunjanJha Why isn't FDI part of trade? Think of FDI has import of capital (just like import of goods) @sabhlok@GuunjanJha "India has to be made by Indians": "Swadeshi" philosophy governed India from 47-91. You want to go back to that era? @sabhlok@GuunjanJha And why won't FDI by Walmart etc upgrade skills and tech in India? Are they not going to hire Indians? @sabhlok@GuunjanJha What if these stores being the same product but at lower prices? Isn't that a benefit to the consumer? @sabhlok@GuunjanJha No empirical evidence for better SCM? Please read http://v.gd/MeY41d http://v.gd/MtPJhV http://v.gd/LUSdSG @sabhlok@PolvolterDnkymn At least three of them are peer reviewed or consultative from government and one is a book, which must be. Read. @sabhlok@GuunjanJha the references to the commenataries are links to more op-eds and articles of such types. You raised "literature" @sabhlok@PolvolterDnkymn Hope you realize that you have provided none so far. By the way, there are references in there. Hope you looked. @sabhlok@GuunjanJha Sorry but op-eds and non-peer reviewed "commentaries" do not count as economic "literature". Please try harder @sabhlok@PolvolterDnkymn That is a wrong conclusion. None of this is true. Prices rise by 4-5%. Inefficiency doesn't lessen. @sabhlok@GuunjanJha By driving out inefficient traders which cannot provide the consumer with better goods at lower prices. @sabhlok@PolvolterDnkymn It will limit availability and reduce competition heavily rather than increasing it and bring nothing new. @sabhlok@PolvolterDnkymn On the contrary, they will reduce no of traders. My point was also that they bring nothing new. Lets move on. Bye. @sabhlok@GuunjanJha If we have one brand of TV, fridge, radio, computers, washing machines, cars then we don't need other brands? @sabhlok@GuunjanJha So if there is one trader for clothes, grains, vegetables and household goods we then don't need another trader? @sabhlok@sabhlok What is Walmart going to trade that we can't without them? Clothes, grains, vegetables, household goods? @PolvolterDnkymn@sabhlok Then don't support something if you don't understand. India has to be made by Indians. Walmart won't build India. @PolvolterDnkymn@PolvolterDnkymn None of these stores bring new products, so the argument of more choices just bad. Goods are 4-5% costlier. @sabhlok@PolvolterDnkymn Big retailers reduce competition as no of stores concentrate heavily. No empirical evidence for better SCM. @sabhlok@PolvolterDnkymn Economic literature is full of studies on this. These 2 are good enough http://thne.ws/QpSvvY http://www.indiaenvironmentportal.org.in/files/file/FDI%20in%20retail.pdf … @sabhlok@Joydas Sorry to bother ou, but hope you have better reasons to support FDI in retail in other states that might be BJP states soon @sabhlok@GuunjanJha FDI in retail is good because more competition, better SCM, more and better choices for consumers @sabhlok@sabhlok Sir, FDI and trade are poles apart. You can have much trade, no FDI and vice versa. Trade is a flow, FDI is stock. Lets move on.Good advice @quizderek MT @sabhlok: RT @Joydas: Dear Mamata, dont like FDI in Retail? Dont allow in WB. Simpler than making Fool of Yourselfaka federalism MT @sabhlok RT @madhukishwar Brill. mv by Cong 2 give states option 2 decide FDI in retail Opp states will've 2 eat humble pi@sabhlok Chanakya's support for trade shouldn't be argued for FDI too. His concepts of consumption tax is against big retailers.
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