Kiranas are here to stay, and grow

The shrill debate (noises?) relating to foreign direct investment in the retail sector has now reached a crescendo. The various players—politicians, economists, academics, industry’s wise men and women, and other assorted commentators—who have been arguing “for” or “against” the same seem to have (knowingly or unknowingly) become participants in playing out of this theatre of the absurd. What started off about 15 years ago as a mere difference in ideology...

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