FOREIGN
DIRECT INVESTMENT
Good Day. In our country, the economy is
degrading due to the globalisation strategy. The merchants who are doing
business in India are suffering a huge loss due to unconventional and stagnant
products selling by the foreign market giants in our Indian market and in a
high competitive situation.
People are more aware about the things happening
in our economy, but still there is no change in the attitudes of the people. If
people encourage the local products, they will improve their quality as well as
standards. Unless we encourage, we’ll face problems of inflation.
Financial reforms are introduced by
Smt.Indira Gandhi in 1990’s for a good cause, but we are spoiling our great
Indian market by giving much importance to the foreign products. When people
stops using foreign products, the alternatives will be visible, but there would
be no such circumstances I think.
So, if we want to use foreign products,
then buy those products from Indian merchants, as the last way. Do you agree? I
think you would question me like “What is the difference?” If we buy those
products from our local merchants who import from the foreign giants, they would
get benefit. But, when the foreign giants established their manufacturing
companies in our country, they would be helpful for many unemployed people, but
it would be a great effect to the Indian Economy.
International Standards Organisation (ISO)
is the statutory body which conducts several security tests for the products and
fixes some values and ratings to those which would reach public. Indian market
has a big value in ISO because of its imports. Super markets, bazaars and other
giant stores are setting their marks in our country. This results in the decrease
of poor Indian merchant’s business.
Mixed economy means where public sector and
private sector works mutually and getting profits which results in the increase
of purchasing power. Inflation comes when there is rise in price and decrease
in purchase value. We have to maintain the balanced condition in order to
improve our economy.
Please don’t encourage Foreign Direct
Investment as it spoils the Indian economy. Of course we can encourage those
outsiders up to some extent, if it crosses limit, then we’ll lose our existence
way back before independence. Nothing is impossible, so please try to develop
our economy by encouraging the local merchants and local products.
I think my essay would be helpful to write
descriptive paper, for those who are writing SBI PO-2014 exam.
Thank You
Jai Hind