FDI in retail isn’t going to be manna. It won’t lead to deluge in FDI inflows. It won’t stem rupee depreciation. It won’t dampen food inflation. It won’t lead to a revolution in retail trade and make it organised . But nor will be it be a bane that will drive kirana stores into oblivion. Outside TV studio debates, truth is never in black-and-white. As a shade of grey, the present decision is no more than the thin edge of liberalisation.