my 2 cents on FDI in retail
the real issue is not whether Walmart should be allowed ot not..the real issue is under what clauses it should be allowed and where should they be allowed? when i say clauses i mean questions like: how much local sourcing are they going to do??? if a product is available in india, they should source it from india even if its cheaper abroad what pricing strategy are they allowed to adopt?? imagine WalMart dumping all the chinese goods e.g. toys which are very cheap and killing the local manufacturers more importantly they should not be allowed to sell below cost price..that is killing the kirana competition