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FDI is better than debt, says Loksatta Jayaprakash

Tue, Jun 21, 2016, 05:59 PM
Welcoming the BJP government’s decision to allow foreign direct investment in various sectors, including defence, Lok Satta founder-president Dr Jayaprakash Narayan said FDI is better than debt.

Though it was a late decision, it was good decision, which would pave the way for an increase in farmers’ income, employment to youth and an impetus for growth of small and medium industry, he said in a statement.

Jayaprakash Narayan opined that not only foreign FDI, the government also should encourage domestic investments. FDI is better than obtaining debt, he said, suggesting the creation of a congenial atmosphere to attract the investment.

Though political parties have different opinions on FDI, but this would help start micro, small and medium industries which would pave way for jobs to youth, Jayaprakash Narayan added.
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