'FDI Crushed Even USA'

Kashmir Life: FDI in retail is the hot debate. You opposed the idea from the very beginning. Tell us what are its pros and cons in your opinion?
Yousuf Tarigami:Our party CPIM, the entire left, some political parties, social activists and some NGOs have always opposed FDI retail. UPA-I is lying about FDI retail trade. This retail trade has been under debate since UPA-I, and that time they were dependent on Left groups (part of coalition) and we didn’t allow it to happen. The issue was debated in Parliament and in almost every political party, and it was decided that the trade won’t be allowed to happen, because it will increase unemployment figures.

If it does not help us in promoting growth then how can the trade help us? USA, a developed country,was crushed due to this trade and they are suffering from this new liberalisation. Americans are crying ‘please put a stop to greedy cooperates’, they are facing massive unemployment. So if you want to have a strong economy then you must have toguaranteejobs for your population, and unless that is done, any measure in economic reform is bound to create problems for people—and is thereforeunacceptable to us.

This crushed a nation like USA, a world power. For countries like India, it is very important to first provide food for its starving population. Statistics reveal Indian economy is increasing but people should understand that the economy is of the corporate world and of monopolists. Once NDA said India is shining, but I want to ask them which India? The corporate world doesnot mean India, what about middle and lower class families? If India was shining, then why do farmers go for suicides, why do people wander from corner to corner for jobs? This new liberal frame has failed miserably, not only in India, but in the whole world, earlier it was in the US only, and now it has destroyed the UK too.

I feel there is no future for the younger generation. The government says we have to be with global economies, but we say it has collapsed. So why to be part of failed economies?This trade doesnot suit our population. It must be rejected.

KL: The government launched a new employment policy recently. Do you think it is in the interest of youth? more