Attitude, not FDI in retail, will bring reforms

No one seems to object to FDI in single-brand retail (Ikea, Louis Vuitton, etc). But many object to FDI in multi-brand retail. The obtuse commerce minister has confused everyone by linking FDI in multi-brand retail to better agricultural development. Its principal achievement is to enable large retail chains to negotiate better prices for manufactured goods. The traditional small retailers who will be hurt will be those located near these stores.

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