Congress adopting double standards on FDI policy: Venkaiah

Published: 04th November 2012 10:25 PM  |   Last Updated: 04th November 2012 10:25 PM   |  A+A-


BJP today accused the Congress-led UPA government of adopting double standards on the issue of FDI in multi-brand retail.

"(During the NDA regime), the Congress party and its senior leaders like Priya Ranjan Dasmunshi had opposed the FDI in multi-brand retail. However, the same party and its leaders are now supporting it saying that it would not harm the interests of farmers," BJP leader M Venkaiah Naidu told reporters here.

Even the UPA government had told Parliament in 2009 that a decision to permit 51 per cent FDI in retail would be suspended until a consensus was reached among various stakeholders, including chief ministers, he added.

Seeking Congress' clarification on the issue, Naidu asked, "Is it the policy of the Congress to speak something when out of power and do the opposite when in power? Is it not the brazen opportunism and double standards of the Congress?"

"Is it not a fact that the Congress has not consulted its allies on such a major decision? Is it the way to run the government?," the former BJP chief questioned.

"Let the Congress explain its volte-face on the FDI in retail trade and justify its stand," he said.

The character of Indian economy is service-oriented and agriculture as well as retail were the largest job providers in the country, he said.

"The fragmented market was always in consumers' interest," Naidu said, adding that a consolidated market restricts consumers' choice and MNCs eliminate competition and exploit consumers.

"FDI causes displacement in retail sector and job losses in the manufacturing sector," he said.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp