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What could be the effect of FDI in Retail sector

Created by : Partha Dey, Site Engineer, Hazra Electric Co  | 12 01 2011 13:54:31 +0000
Keywords : what could be the effect of fdi in retail sector
Activity:  117 views;  last activity : 12 01 2011 13:54:32 +0000
 
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It will ruin the local retailers Vs It will be beneficial for the local retailers
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The central scheme to increase the FDI in Retail sector will literally ruin the business of the local i.e. Indian Retailers. Because of the continuous change in the economic scenario of the middle class society, their standard of living and their choice of product and expectation levels are also changing swiftly and gradually inclining towards foreign and western culture. Like we are forgetting to go to the tailor and would love to buy ready-made garments. All these is creating more opportunity for the foreign brands to enter and conquer the Indian market. Therefore additional FDI inflow will pose a real threat to the Indian Retailers.
By Partha Dey, Site Engineer, Hazra Electric Co  | 12 01 2011 13:54:31 +0000
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