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Domain : Economy

Cancel FDI in defence(0% FDI in defence)

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Created by: Suradhayaksha Bansal
Date: October 27, 2018

FDI in defence will increase semifinished and finished goods imports. Just their assembly will be done in India without real manufacturing. And it will also finish off local arms manufacturers and Indian PSU as they have less capital compared to foreigners. Also India will have to pay foreigners in dollars if foreigners want to take home profit. This will depreciate ruppe and increase reparation crises. So I appeal to parliament and PM to fully cancel FDI in defence