Not very long back I was addressing a group of school teachers – in a big branded school. The school owners were worried about the government allowing foreign schools to come and operate in India – and naturally they were scared.
When it came to my turn I asked the teachers:
How many of you have travelled by air? (when I was in school asking teachers such a question would be like treason)
Many hands went up, and there was an animated exchange of experiences…
I said if foreign schools came, where would they recruit teachers from….
Again they were excited and said ‘Oh my friend has got a job as a teacher of English in China…etc. etc.’
So I said please understand the following:
Competition is good for YOU the consumer (we all have benefited by the competition among car manufacturers and mobile service providers, have we not?).
Competition is good if YOU are an employee in the industry (so many people from UTI, LIC, SBI and other Psu banks have been poached by private sector banks like Hdfc, Icici, Kotak, etc.).
Competition is good if YOU are a supplier (ask training institutes which is training for Jet Airways, Kingfisher, ….etc.) – there was no market when Indian Airlines was the ONLY airline.
Competition is BAD for YOU if you are the OWNER of the business where there is competition expected.
As a consumer I would be happy if FDI came to India (organised retail, Chinese and Indian labor kept inflation so low in US for the past 15 years). Y
Yes there will be turmoil. There is always some turmoil – in the long term the Indian entrepreneur will adapt – Starbucks cannot compete with a Udipi.
Now I am seeing the retailer wanting FDI in wholesale (LOL).
It is time we as consumers told Mamata, the left and the confused BJP (is it left, right, Middle or NOWHERE?) we want FDI…yes maybe with the speed breakers in place perhaps?
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