Which of the following is/are argument(s) raised by critics of the Foreign Direct Investment policy, 2012?

Foreign powers will buy goods in large quantities and control the market.

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FDI will reduce the number of jobs in the retail sector.

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FDI will result in complications in storage issues of agricultural products.

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FDI will result in surplus agricultural production.

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Solution

The correct option is B FDI will reduce the number of jobs in the retail sector.
The Foreign Direct Investment policy, 2012 allowed foreign companies to set up retail shops to sell goods in India. The opposers of the FDI policy, 2012 argue that foreign powers will concentrate their market power in the hands of a few entities. Critics also believe that the new policy will reduce the number of jobs in the retail sector.

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Similar questions

Statement: Should there be concentration of foreign investment in only few states?

Argument:

I. No, it is against the policy of overall development of the country.

II. Yes, a large number of states lack infrastructures to attract foreign investment.

Policy	Associated Measures
1. Liberalization	A domestic company hiring regular service from a foreign company
2. Privatization	Outright sale of public sector companies
3. Globalization	Raising of investment limit in banks

Policy	Associated Measures
1. Liberalization	A domestic company hiring regular service from a foreign company
2. Privatization	Outright sale of public sector companies
3. Globalization	Raising of investment limit in banks

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