FDI in retail

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The Govt of India wants to throw up the 450 million retail sector in India for Foreign investment. There are fears expressed that this move will spell a death knell to small traders. On the contrary the Govt. assures that the move would create ample employment. I read an article in THE HINDU which states that China which initially threw up 26% FDI in 1992 gradually increased it to 51%. Instead of swallowing the small traders the move indeed benefited the small people and they learnt to do business the way the big players do. So the move by Govt. of India would benefit our people also. We will have to wait and see what is in store for us.

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