FDI and it's impact

Foreign Direct Investment or FDI was passed by UPA govt unceremoniously and almost without any much needed debate recently..This move has opened gates of India for foreign companies to run their business in retail, aviation DTH and other large sectors..While the move has raised outcry and appalling voices all over nation, govt is terming it as big economic reform which will bring India's shattering economy back on the right track.. Here is my analysis of FDI and it's future impact on common man and Indian economy.
       Spin the wheel of time two decades back and one would see introduction of privatization and globalization in almost all service sectors, which means foreign companies could sell their products in Indian markets..This decision met similar response of protests, bandh, strikes and general oppositions..But immovable by these hurdles then PM Rajiv Gandhi introduced it anyway and BANG!! almost all middle class Indian households were seeing color TVs , fridges, washing machines and other electronic appliances coming to their homes..Suddenly Indian students started getting jobs abroad and also in MNCs in India itself..If we look now, who would say that Rajiv Gandhi made a bad decision?? Even the NDA govt which came in power afterwards also perpetuated the same policy and Indian economy started shining on the world map for the first time..
        FDI is just the replica of same policy but this time extending into  agriculture and other primary sectors..Foreign companies will help strengthening the cold storage, transport and other infrastructure in country which are in as sorry state currently as it could be..Also this move will help integrating the largely fragmented agricultural segment in India..Hopefully farmers will get better prices for their crops..Compared to what Indian govt pays them at the moment, there is hardly any scope for further degradement anyway.
    As a consumer, we will have more options and world class products at our doorstep although prices may be higher slightly..but since inflation is already beyond 8% since many years, I can't imagine family's budget taking a plunge because of FDI per se.
     The fear of displacement of small shop owners and wholesale merchants is only a fear generated with anything new..It's just that two parallel worlds will run together..Consumer will be free to choose either one..We still need those roadside 'kirane ki dukaan' for emergency household needs..If Indian retailers like Big Bazaar and Reliance fresh can co exist with small shops, then so can foreign retailers.
      The 1 billion dollars to be paid by each of these companies to Indian govt can also act as a fuel in this failing economy, provided these funds don't end up in Swiss bank lockers...
  In an ideal world, govt should be doing what these companies would do, but since Indian govt have been so incompetent, corrupt and ignorant to common man since 65 yrs, it seems like foreign elements can run us better...Middle class has to suffer anyway..Either foreigners will make money out of them by business or Indian politician will loot them by scams..Earlier option is much better as we will atleast have some good services and products at our disposal.