Sunil Mittal & Wal Mart, the biggest organisation in world by revenue of US$ 378 Billion, are tying together for organised retail initiative under Bharti's leadership. This joint venture is going to produce 2 million jobs in organised retail compared to job loss of 40 million across India. So best of luck to Mr. Mittal & govts. who are obeying to large businessmen for creating more & more poor people. Why Indian Govt. is not publishing jobs data each month/ each quarter, like USA? Indian Govt. should have to publish, so that Indian people will understand what is better for them. In USA, there was recession in 1985. Walton, the CMD of Wal-Mart had launched the campaign of MADE IN USA. Both the Wal Mart & suppliers of WALMART are agreeing about the cost & price cutting. But, afterwards Walton bought goods from outside USA & labelled them as MADE IN USA for cheaper input costs. How much margin organised retailers get? 3%-Wall Mart & 1.5%-Pantaloon Retail. What are the impacts of organised retail chains on cities other than metros? Dr. MMS had implemented organised retail under the pressure of powerful economies. Decision of organised retail is not Manmohaneconomics, but the keen desire of western countries to support their companies. WalMart is total failure in USA regarding social issues. Unorganised retailers had shut shops long ago. In small towns only malls are there. India has 125 Crs population. Unemployment will icrease heavily due to ORGANISED RETAILERS & their cartels.
Re: WHY JOB DATA IS NOT BEING PUBLISHED BY INDIAN GOVERNMENTS ?
by Ramsingh P on Jun 08, 2009 01:41 PM
Hi Udayraj, A very well drafted thought (supported with facts) you have presented. I really hope that the true and loyal economists of our GREAT INDIA understand the bottom line in the so called liberalization and globalization spree that they are on.
Please reply with your Email address or your blog details - so that we can share similar thoughts and all sectors of the economy.
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Walmart should do in India what it had done in US - Top Priority for customer satisfaction. If you purchase any product from Walmart..you can return it if you are not satisfied with it. They don't ask any questions, they refund the money or exchange the product with new one.
Did any of the stores in India - More SuperMarket, Reliance Fresh , Heritage Fresh@, ITC Fresh offer such service?
Re: Alas
by lalit mishra on Jun 08, 2009 12:48 PM
hi As FDI in multi brands is not allowed so it cant open its store inb india. however it has mou with BVhartiu enterprises where small format , and hyperformats undewr bharti umbrella is being opened. Also 100 percent FDi is allowed in cash n carry, so walmart has opened its first store in Amritsar... happy buyting
Re: Alas
by srinivasan on Jun 14, 2009 09:53 PM
Hi mrjoko, do not worry, if you in North Indian states of Punjab, Haryana, delhi, wal mart has already launched its stores with Bharti. Infact, they have started their chain of operations in northern indian and gradually expand to UP and other North central states. Unfortunately, southies like me will have wait for some more years. Until then, same old annachi(kirana) store is the best bet for us..
