Like in Vermont and CA, NYC doesn't want Walmart. Let Subterranian Swamy know this:
... Facing intense opposition, a large real estate developer has dropped its plans to include a Wal-Mart store in a Queens shopping complex, thwarting Wal-Mart's plan to open its first store in New York City, city officials and real estate executives said yesterday....................
....Labor unions fought Wal-Mart with a special intensity because they believe its wage levels and benefits are pulling down standards for workers through the United States.............
..........Small-business advocates declared victory after the decision was made public, but predicted that the battle would resume in other neighborhoods. "Vornado saw the writing on the wall and responded the way a developer needs to when he knows he's holding a losing hand," said Richard Lipsky, a spokesman for the Neighborhood Retail Alliance, an anti-Wal-Mart coalition in New York. "We stopped Wal-Mart this time, but they are going to continue their efforts to open in New York and we will be sure to meet that with significant opposition wherever else they try to locate."........
'Indian retail trade is of enormous size ($180 billion), nearly 10 per cent of GDP, employing 21 million persons, which is about 7 per cent of the labour force. It is six times bigger than Thailand and five times larger than South Korea and Taiwan. China's retail trade is 8 per cent of GDP and 6 per cent of employment.'i may not understand economics but one of the 21million people employed is the man works in next door grocery shop. big department stores are already gobbling up these . do we need fdi in retail businedd
