There is no doubt that 51 per cent FDI multi-brand retail will affect
all sections, particularly the small retail traders. They have no other
go but to fight out against the government's decision. The traders have
stated that they are even prepared to sacrifice their life for the
cause of forcing the government to
to roll-back its decision to implement FDI in multi-brand retail.The gravest impact of FDI in retail trade will be on the family run tiny retail shops. Tens of thousands of tiny retail outlets have gone out of business in the West as they were not able to compete with companies like Wall-Mart, Tesco and Carrefour. The retail market is not infinite; therefore the growth of corporate retail will mean the loss of local shops and employment. The employment potential in the retail sector will go down very much as the proportionate employment in relation to total sales is much less in the retail chain stores organisations.
to roll-back its decision to implement FDI in multi-brand retail.The gravest impact of FDI in retail trade will be on the family run tiny retail shops. Tens of thousands of tiny retail outlets have gone out of business in the West as they were not able to compete with companies like Wall-Mart, Tesco and Carrefour. The retail market is not infinite; therefore the growth of corporate retail will mean the loss of local shops and employment. The employment potential in the retail sector will go down very much as the proportionate employment in relation to total sales is much less in the retail chain stores organisations.
Dr.C.Murukadas, The Hindu, Sep 18, 2012
