Response to question for Jan 7-13: WHAT WOULD BE THE IMMEDIATE BENEFITS, AND FOR WHOM?
One of main aim of bringing FDI is to remove/reduce middle men so that farmers can get best prices for their goods. To make it happen companies will have to set up their own supply chains, shipping, storage and logistical capabilities and so significant improvements can be seen infrastructure capabilities with immediate effects.
And as farmers will get prices for their goods, it will eventually improve their economical condition, which will make them to spend more and as they will spend more money it will help to grow economically as the more than 50% of workforce in India is into farming.
Fergusson College, Pune
(This entry is part of our FE MASTERMIND contest. The views expressed in this article are personal and not that of the newspaper.)