India’s Opposition Demands Rollback of Move to Allow Foreign Retailers
November 29, 2011
A vendor exchanges money with a customer at a shop selling garlic, onions and potatoes at a wholesale market in Mumbai, April 28, 2011.
In India, opposition parties and political allies of the government are demanding a rollback of a recent decision to further open up the country's retail business to foreign super stores.
The measure is seen as a mark of the government’s determination to put economic reforms back on track
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Two brothers, Rajesh and Rakesh Talwar, own a small shop where they sell eggs and bread in New Delhi’s Lodhi Road market.
They worry that large foreign retailers could drive them out of business, if they open super stores in India.
Rakesh Talwar fears the super stores will sell provisions like eggs at a lower price, compared to shops like his, because they can source directly from farms instead of buying from middlemen. He says customers will flock to those stores.
Opposition parties and political allies of the coalition government are backing that argument as they fiercely protest the government’s recent decision to allow 51 percent foreign direct investment in the multi-brand retail sector.
They say the arrival of foreign retail chains like Wal-mart and Tesco will threaten the livelihood of millions of small shop owners.
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