Why we don't need FDI in India ?
Whenever I hear about the word FDI the first thing that strikes in my mind is EAST INDIA COMPANY hope no one would have forget about that one . Do we need a foreign investment in our country India is an developing country very soon it would enter the super country list why do we still need a foreign investment in our nation to develop .
If FDI enters into our nation Indian economy will not be in hands of Indians , FDI will hold 51% of the shares that means no one can decide what they should do expect them self . They will decide the price of the product .
An example from the previous decade
When coke and Pepsi enters our nation there where some other Indian products like kalimark and bovonto. They both were in same price . Because of the tough competition our Indian products where eliminated now only foreign cool drink are available in market whatever the price they fix we have to buy now our economy control moves to foreign hands .
It doesn't meant we don't need foreign investment . Foreign investment is also required but we don't need it all sectors . India is an agriculture nation it should be in our control not in other countries .
Next world will not be in form of weapons it would be in form of economic.