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| Article Name : | | | FDI IN INDIAN MEDIA - EFFECTS AND IMPLICATIONS | | Author Name : | | | Mohammad Fariyad , Md Afsar Ali Raeni | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3370 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The media essentially plays the role of the fourth estate in a democratic polity, shaping, reflecting and refracting opinion, acting a check on the abuse of power and ideally the press must seek diffusion and not concentration of authority. For the media to function democratically, responsibly and responsively, an environment conducive to healthy and democratic debate, free from vested interests is a pre-condition and a pre-requisite. The role of the Indian press in shaping the nationalist discourse in Pre-Independence India is far too well known to merit a reiteration here. Suffice it to say that the press remained at the fore front in its demand for a democratic polity, and despite various shortcomings has contributed a healthy debate reflective of the diversity of opinion that India is well known for. A free press has engendered the argumentative Indian. However what India has seen in the post liberalization era has been marked by a commodification of news and its conversion into a saleable commodity, governed by the iron law of supply and demand. While foreign investment is feasible and desirable, the opening up of the Indian media to investment from abroad is fraught with grave implications and merits serious examination. Foreign direct investment (FDI) in the media engenders a scenario where an Indian press substantially owned by MNCs may come into conflict with constitutionally guaranteed right available to Indian citizens only. | | Keywords : | | |
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