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Tuesday, January 31, 2012

''Indian Retailers on Edge as 800-Pound Gorillas Come Knocking''

dont do it....these these behemoths will destroy your economy....


"Home to over 44 million small retailers, many of them family- owned, neighbourhood stores no bigger than 200 square feet, India is a land renowned for its various "wallas" – small traders who produce, hawk, repair or deliver just about anything you could want at any hour of the day or night.

But a recent push by some of the world's biggest multinational corporations (MNCs) like the U.S.'s Walmart, Britain's Tesco and France's Carrefour to enter India's 450-billion-dollar consumer market could signal the swan song of the country's traditional and beloved small business sector." 


from ips news service...

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