FDI in retail will cost lakhs of jobs,even kill people: Narendra Modi

Gujarat Chief Minister Narendra Modi today criticised UPA government's decision.

Written by Agencies | Kamrej | Updated: February 5, 2014 6:13 pm

Gujarat Chief Minister Narendra Modi today criticised UPA government’s decision to allow FDI in retail sector,saying that the decision will affect the domestic manufacturing and lead to job losses.

“I don’t know what the Prime Minister is doing. Small-time shopkeepers will have to close down due to this decision,” Narendra Modi said,reacting to the decision on FDI,during his campaign tour through the area.

“Cheap goods produced elsewhere will be dumped in India and it will affect the manufacturing sector of the country as manufacturers of small items will find it difficult to survive,” Narendra Modi said.

“This will lead to massive job losses for the youth,” he said.

He said,the manufacturing sector is going to be hit in major way – “Because of you lakhs of people will be jobless,destroyed,” he accused PM Manmohan Singh.

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