Why anyone should bother about FDI in
retail
(It is not 1757. Indian retailers are
now smart enough to look after themselves)
Ours is
middle class economy based on urban &rural middle class, who are experts in
managing their purse. Due to over heads,
dependence on vendors & greed for profit, big foreign retailers will not
sale their commodities below MRP or below local market price. Our experience so
far of big retailers is that they are not able to
eliminate middleman & to give better price to producer . Long queues at
billing counters will be a big factor to drive away sizable number of middle
class house wives &gentlemen who are short of time & patience.
On the other
hand the local retailers will be forced to compete & will make available at
door step, commodities of equivalent quality at a lesser price
This is not
just speculation, we have experienced it at Gurgaon. Inspite of opening of
large number of world class Malls & retail outlets , there is no affect on
the local markets. Instead the local retailers have increased their turnover.
S.C.MaheshwariPl. Visit : www.bharatpensioner.org
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