The National Democratic Alliance (NDA) will reject the notification allowing FDI in retail if it comes to power in the next general elections, said convener Sharad Yadav on Saturday. He said that though the govt had gained majority on the issue with its “manipulative tactics”, the “final verdict on it will be delivered by 120 crore people of the country”.It was the BJP that had on Friday indicated that the Opposition would make FDI-in-retail an electoral issue in the 2014 elections.
“If NDA is voted to power in the next general elections in 2014, it will reject the current notification of allowing FDI in retail trade, and a policy will be made to upgrade and modernise the domestic trade of the country after holding due and proper consultations with all stakeholders of the retail trade in India,” Yadav said in a statement.
He said that the the present decision was taken by the govt “under pressure of global retailers and the domestic corporates.”