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Why BJP pushing FDI liberalisation


by Rajesh Parashar

Set record of FDI post liberalisation in India 

I am very surprised to know the person who opposed FDI while being a chief minister of indian state and after getting top position become flag bearer of  FDI . Changes in India’s foreign investment rules are notified in two different ways are Press Notes and Legislative Change.  Centre for strategic & International Studies (CSIS) published a report on India’s FDI Reforms Under Modi is particularly notable since, after 25 years of adopting pro-market policies, India’s foreign investment regime is already much more open than it was in the early 1990s. The Atal Vajpayee government made 29 changes to India’s foreign investment regime during its six years in office. During Manmohan Singh’s first term his government made 19 changes and 18 in its second term. The Modi government has made 37 sector reforms in just over three years—a historic pace.

Departure of State through FDI

State is started to dilute its stake from public sector unit . State want to push their growth agenda through foreign investments are considered crucial for India, which needs around $1 trillion to overhaul its infrastructure such as ports, airports and highways to boost growth. State is focus to strengthen the value of the rupee against global currencies, especially the US dollar and improve the country’s balance of payments situation. PR department of government agencies circulated that total FDI investment in India during Modi government is increased. It is perceived that only FDI can push and finance its  VIKAS MODEL "growth model"  

Departure from Swadesh Agenda 

It is RSS trained Volunteer and BJP empowered leader Mr. Narendra Modi  led central government has allowed FDI in retail doing away with mandatory local sourcing conditions after six years Modi declared that FDI in retail would help “Italian businessmen”.
Wire exposed BJP agenda how this party leader manipulating citizen rights More worrisome is the decision to set off the condition of mandatory sourcing requirement of 30% of purchases from India, for five years after the opening of the first store by the foreign company. As a result of this decision foreign companies would get freedom of procuring the products from anywhere in the globe. This would go against the interests of the domestic manufacturing and also would discourage the future investment in manufacturing in India and therefore would go against the own declared policy of the government of encouraging Make in India,” the Swadeshi Jagran Manch (SJM), a Sangh affiliate,release stated.
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Location: Mandawali, Delhi, 110092, India

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