FDI in retailsector: boon or bane

FDI is a great tool to increase our GDP. The author observes that with the advent of FDI, the upper middle class and rich people will definitely get better jobs and high salaries in metropolitan cities. FDI in education is a better option than FDI in retail as education is the key to prosperity. The domestic retailing sector should be allowed to grow and consolidate first before the sector is opened to FDI. Targeting the mass market with refined products will not define growth. Growth will be achieved by innovations that would make a feature rich product affordable in the mass market. India has the youngest population and is the largest producer of fruits and vegetables in the world. We are blessed with abundant natural resources. If all the resources are efficiently and effectively utilized, then we will definitely be riding on high economical waves.