December 2012. The BJP is in the opposition. The Congress-led government is about to introduce foreign direct investment (FDI) in retail. Word is, Walmart, the world’s largest brick-and-mortar retailer, is keen to bring its big-box stores to India. The BJP hates the idea. During a debate, the opposition’s chief whip Sushma Swaraj lays into the government: “Small shops [and] retailers have been wiped out in countries which allowed FDI in retail.
Business News›Prime›Consumer›Kiranas trounce Walmart-Amazon-DMart 9-1: how the small grocer keeps winning big
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Kiranas trounce Walmart-Amazon-DMart 9-1: how the small grocer keeps winning big
Synopsis
Indian households can’t do without the neighbourhood store. And consumer-goods companies pray at its abode. But it is beginning to feel the pinch of supermarkets and online stores.
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