FDI in retail not a reason to worry: Shourie

September 23, 2012 12:31 am | Updated November 17, 2021 04:07 am IST - Bhopal:

Under attack from rivals as well as allies for its recent spate of reforms, the UPA government received surprise support from the BJP leader and the former Union Minister, Arun Shourie.

Mr. Shourie, who is here to participate in a global inter-faith conference, said the FDI in retail and aviation sectors would neither help companies nor hurt consumers much.There would be “neither more profit nor much loss with FDI in retail and aviation.”

Five or six years back, Indian companies such as Reliance, Airtel and Big Bazaar came into the retail market, he recalled. “But right now, it is these big companies and not the small retailers that are in trouble financially,” he said. Mr. Shourie also supported the Centre’s decision to increase diesel prices by five rupees.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.