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Showing posts from December, 2012

FDI –To kill middle man or middle class?

It is just 6 PM only but pitch dark outside. The entire North India is celebrating Deepavali and the sound of crackers and cold wave penetrating into ears and body. My evening walk land up me at a local market where millions of porcelain Lakshmi and Ganesh idols, made in China are flooded. Last month only I blamed US for getting its flags from China, but now the elastic purchasing power of middle class welcomed these Chinese products in Deepavali. Even the crackers could not divert my attention from the cute idols, thanks to the FDI. What is FDI? Is it something to be scared of or a phobia induced by something? Foreign Direct Investment (FDI) is direct investment into production in a country by a company located in another country, either by buying a company in the target country or by expanding operations of an existing business in that country. FDI is done for many reasons including to take advantage of cheaper wages , special investment privilege…