Finance, Forex and Investments

Why Manmohan Singh's government trying to safeguard interests of foreigners by entering into FTA? read details?

Manmohan singh government entered into a FTA(Free trade agreement) between India and the ASEAN(Association of south east Asian nations. if this agreement is implemented , it would hit economy of India. the worst hit would be kerala's rubber growers and coconut growers. This agreement would safeguard the interests of Malaysia and srilanka at the cost of Indian economy. all the financial sectors of Indian economy(banking, insurance) and other industries, would be at peril. http://www.24dunia.com/english-news/search/FTA-India.html

Public Comments

1. Why are you talking Communist Language? I have not realized that you have joined CPM? All the allegations that you have made in your question are exactly same as CPM as made. India's interests go far beyond goods Economic Times: http://economictimes.indiatimes.com/ET-Debate/Indias-interests-go-far-beyond-goods/articleshow/5092205.cms No impact of Asean FTA on plantation sector’ Financial Express: http://www.financialexpress.com/news/no-impact-of-asean-fta-on-plantation-sector/525415/ FTA concerns will be addressed: PM Economic Times: http://economictimes.indiatimes.com/news/politics/nation/FTA-concerns-will-be-addressed-PM/articleshow/5092330.cms 'FTA with Asean won't hit fisheries' Statesman : http://news.google.com/news/url?sa=t&ct2=us%2F0_0_s_8_0_t&usg=AFQjCNHqNRAzIS9ZZRCvPEg9nq6NOCrOkA&cid=0&ei=ijLLSvDIIY3mlQeD4O-lAg&rt=SEARCH&vm=STANDARD&url=http%3A%2F%2Fwww.thestatesman.net%2Fpage.news.php%3Fclid%3D12%26theme%3D%26usrsess%3D1%26id%3D270379 And you can read many more views on FTA with ASEAN at following url: http://news.google.com/news/search?aq=f&um=1&cf=all&ned=us&hl=en&q=fta+india
2. Manmohan Government is trying to be too liberal. I am not against Manmohan Singh, this person is an able Prime Minister(if he is allowed by Sonia), but the policies of UPA government are against Indian policy of Non Alignment. The recession has taken its toll on Indian Economy, half of the people are rendered unemployed. Farmers are dying, and still we seek to help other countries to fill their pockets! It is saddening that most our economic growth has decreased. In Software sector most of the employees are being sacked, salaries have been decreased. Similar is with other sectors. We need to look at our own interest before donating grace to other countries....
3. P M Manmohan Singh by nature always believes in liberalisation and free trade. FTA will inculcate the spirit of competitiveness among Indian farmers and makes them less dependent on the government on everything from seeds to sales. For one year or two there may be some difficulty to plantation owners but there will be permanent benefit to all. FTA also ensures easier and less restricted exports from India and this is helpful. During the last four years coffee and tea prices in India quadrupled without any justification