FDI in retail has been one of the most hotly debated subjects for the past year. Now it seems, most likely to be permitted for the rural sector to boost the rural economy and provide employment for millions of workers who come to cities to look for work. I think its a great way to counter the fears most have of letting international companies enter India.
Pantaloons, Shoppers Stop, RPG Group, Trent and some of the other big players who have been opposing FDI in retail on the grounds that they need more time to reach international standard to compete with the big guns, will not have to face competion directly and will be able to pick up and improve on international companies ways of retailing.
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