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     Andhramass Bewarse Legend Username: Andhramass Post Number: 52082 Registered: 07-2006 Rating: N/A |
Like the prime minister says, is FDI in retail and other sectors the answer to solve all these problems? When the government says FDI in retail can create millions of jobs, a study says even if it were to take 20 per cent of the retail market, eight million jobs will be lost. If Walmart is killing three jobs to create two jobs in the US, the proportion cannot be more in India. It will kill more jobs in India. The very day India announced that FDI in retail would have no impact on small retailers, Atlantic City, the web cousin of Foreign Affairs magazine, carried a headline news that 'Radiating death - Walmart spells doom for small business.' They have said that the closure rate of small shops near Walmart is 35-60 per cent. For every mile from the Walmart super markets, the closure rate is 15-20 per cent. It radiates this closure. At the same time, you are claiming that there will be more employment opportunities and small business will not be affected. anni dananallo Annadanam Minna lal salam |