Giant retailers like Walmart, Ikea got a chance to enter India's $450 bn retail market.

What u guys think? Will it hurt local retailers?

http://blogs.ft.com/beyond-brics/2011/11/25/walmart-in-india-a-long-way-to-go/#axzz1ejCnDF7j

Not harmful if done with a control, here Walmart will have to 'connive' with local operator to 'capture' India , if that is the fear. It cannot operate independently.

Lets not forget millions of Jobs being created and business opportunities plus stimulus to the economy.


...and then there are uneducated politicians.. who barks on every opportunity.

I WILL SET WALMART STORES ON FIRE, threatens UMA BHARATI !

http://sp.m.timesofindia.com/PDATOI/articleshow/10870642.cms


Lets see how true she is to the words

I don't think it will be a very good deal for the neighborhood 'Kiryana' stores that will become the thing of the past. Get ready for a complete American takeover and a rapid changes to the Indian lifestyle in years to come. Would the infrastructure go hand in hand with these changes? I highly doubt.

Furthermore, it is to be seen how they will cope up with the traffic and parking situation around the big box retail stores, e.g. Walmart. They will have to come up with an out of the (big) box solution to the parking woes before overhauling the retail sector. Otherwise, there will be chaos in and around those retail stores. Go to Chandani Chawk in old Delhi, (in contrast) Greater Kailash M-Block market, and South Extension market in posh South Delhi. Witness it the first hand to see what am I talking about. People kill each other for a parking space (not an exaggeration) these days.

In a nutshell, first create the environment and infrastructure and then build the required facilities. Not the other way around.

India faced a similar situation in the past when FDIs were allowed in other sectors but the results are not as adverse as it was thought. The same kind of debate was there when Pharma giants were allowed or Pepsi and Coke entered in the market or the small brands cousumer goods were taken over by Hindustan Liver. IMO, there are some Pros and Cons of allowing FDIs in retail market which can be as follow.
Pros.

(1)Walmart is having a sophisticated logistics so the problem of rotten veges and perishable items will be solved and that savings will be transferred to customers and suppliers.
(2)People will not have to face problems of supply side inflation of some of the foods like onion, sugar and other commodities which were the big problem in past and temporary shortage of commodities will be greatly controlled. This will help to reduce inflation at least in groceries.
(3)Customers will be benefited as adulteration by small grocers will be reduced especially in spices, milk and milk products.
(4)Suppliers and farmers will be benefited as they will not be victimized by some corrupt practices by business traders.
(5)Government revenue will be increased and those can be utilized for other projects.
(6)Sale of duplicated brand items will be greatly controlled so that will increase the sale of branded companies.
(7)Indian market is very big enough so the problem of closure of small businesses will not be as severe as it is in NA.

Cons.

(1)Small traders will have to change their business style and it will be difficult for them to even survive if they don't change their style.
(2)Most of the jobs generated will be low paying jobs
(3) Indian manufacturers will have to face tough competition from Chinese counterparts.
(4)It won't be comfortable for even Walmart to be competitive in Indian market to sale at cheap prices.
(5)Infrastructure, parking, traffic etc. will be definitely a issue as suggested in previous post but it is interesting to see how WM is coping up with that situation.

There are tons of article on ill effects on society, economy and imaginary benefits of Wal- Mart Inc. (Actually China Inc.|)
MMS-Sonia have done everything to parcel and partition India.

I am amazed at stupidity of so called intelligent (read English speaking populace of morons) Indians in tolerating this most corrupt duo.

MMS is a fox who has wrecked havoc in the Chicken farm. If there is any justice in the God's court, MMS would be sent to Hell at least 3,650 times (10 years of his rule)for breaking back of India and Indians by imposing inflation of more than 25% (Hmmm do not quote GOI numbers on that - Ask your brother, sister or mother in India. If they do not reside in India, please avoid comment)

Please read following article before writing a word about this EVIL Corporation

http://cecd.aers.psu.edu/pubs/PovertyResearchWM.pdf

Quote:

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Originally posted by febpreet
In a nutshell, first create the environment and infrastructure and then build the required facilities. Not the other way around.

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Mark Steyn has coined a nice phrase "Stupidity of broke" in context tp Obama economic policy.

I believe that applies more aptly and appropriately to anti-India and anti-Hindu MMS-Sonia.

MMS, his "integrity" and intelligence is a media created myth. Which sane and rational PM of a country would directly subsidize their enenmy?

Read below the article:

"The fear is more with regard to China with which India is already running a huge trade deficit of USD 20 billion (about Rs 1.05 lakh crore) as Chinese goods are pre-dominant in the Indian markets."

http://articles.economictimes.indiatimes.com/2011-11-27/news/30447033_1_mses-fdi-policy-retail-fdi

As regards benefits of retails FDI,

Poduct Retail Price Farmer's Share
Flour (5lb) $2.89 $0.62
Cereal (18 oz.) $4.39 $0.09
Potato (Russet 10 lb.) $3.99 $0.77
Soda (2 liter cola) $1.49 $0.07
Lettuce (1 head) $1.99 $0.44
Fresh Carrots (2 lbs.) $2.99 $0.76
Milk (1 gal. fat free) $3.75 $1.27
*Farmer’s share derived from USDA, NASS ”Agricultural Prices,” 2008. Retail based on Safeway (SE) brand except where noted.