Re: [IAC++] Amazon shows :How FDI will raise prices by 10 times.

Dear Dr. Iqbal,

"FDI" means Foreign Direct Investment. In the ongoing discussions it referred to "FDI in retail", ie. allowing the entry of mass market vertically integrated foreign chains like Walmart or Ikea which would potentially decimate the small and informal Indian retailers, especially with direct import of cheap goods from China.

BJ Varkey (Adv)

On Sun, Dec 16, 2012 at 7:47 PM, Zafar Iqbal <raabta.india@gmail.com> wrote:

What is FDI?  Please clarify for ignorant people like I.  Thanks

On Sun, Dec 16, 2012 at 1:50 AM, pavan nair <pavannair1@gmail.com> wrote:

Sarbajit,

 It would be incorrect to directly convert the currency at market exchange rates. You need to use purchasing power parity or PPP rates which for India /US is done by a factor of 3. In other words the cost of the item is actually about Rs 80 which includes shipping which does not seem excessive. Who needs a banana cutter anyway. The same mistake is made by most people while assessing the poverty line. The UNDP poverty line is $1.25 per capita per day. Most people assume that this is about Rs 60 per day which is incorrect. It is actually Rs 20 per day. So the planning Commission figure of Rs 26 per day in rural areas is actually an improvement on the UNDP poverty line. Col Pavan Nair

On Sat, Dec 15, 2012 at 11:52 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:

My fellow IAC-ians

Tens of Thousands of  Americans are queueing up at Amazon to buy a product which they think is the best thing since sliced bread was invented. Its priced at US$ 4.88 shipping included (thats about Rs. 250) for something which we in India can buy for under Rs. 20.

Americans though are not bothered about the price because of the function this little thing does (read through to the end to find out what).

IAC HIGHLY RECOMMENDS this product and suggests that we should legislate it into law for use on all corrupt politicians.

WARNING: As people in the US have choked to death while reading this link (make sure your mouth isn't full) while reading it.

NB: This is a genuine product being brought by real people and the reviews are also real.

Here's the link

http://www.amazon.com/gp/product/B0047E0EII

Sarbajit
National Convenor,
India Against Corruption., Jan Andolan.

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