China’s leaders now aim to transform China into one of the world’s leading industrial powers by 2045 and for this, a new business model will be designed. By doing this, it aims to reduce and eventually overcome the country’s dependence on cheap manufacturing and instead focus on advanced industrial goods for markets. Not only this, China has for long been building knowledge-based economy, driven purely by innovation and domestic consumption. But its real estate sector still consists of ghost towns and dozens of unleased commercial spaces.
The new state government in Delhi, Aam Aadmi Party( AAP) has blocked retail FDI in Delhi thus disappointing many industrialist, Investors, political parties and maybe even farmers who are longing for fair prices for the products sold by them to the middlemen.The article focuses the basics of FDIs and argues the step taken by the State Government of Delhi.