Please take a note by readers that this miss presentation by rediffmail that Indians are doing well in Abroad, First of all in London itself more than 25000 Indian retail shop owners are jobless and money less because of Super Markets . Secondly very few Indians are having super market most of them are small retail business which required small capital. Not a single billionaire or millionaire which is shown in the above list started with big supermarket they straggle hard and then they achieve this level. Now these so called Americans and Britishers realized that unless and until we take buying and selling in our hands we can’t control the world economy so they plan to put super market in India and will start selling imported product from America and Europe which is exported by India in a form of Raw material to America and Europe. Our politicians want to send us old British Colonial days to buy a salt we will have to pay this American and Europeans. Please I want to request you to all Indians not to allow this people to enter in retail market
Re: False presentation
by kush chatterjee on Dec 06, 2011 04:55 PM
Your view is biased, one tracked like the frog in the well. The lesser you stop spreading your spurious logic the better it is. Get out of your East India Company mindset and allow the country to get some much needed FDI. The world has changed..come to terms with that.
Re: Re: False presentation
by shashi patil on Dec 06, 2011 05:20 PM
Please I want to request you to all Indians not to allow this people to enter in retail market. The world is not change only the methods are changed if you are not blind and deaf and dam then you can see what happened with saddam, African countries and Gadaffi why not with Mugabe in Zimbabwe . Don’t look at short term gain or personal gain these people will eat all foreign exchange of India and then make India bankrupt like other counties. Please wake up.
Re: Re: Re: False presentation
by Riju Jose on Dec 06, 2011 05:48 PM
@shashi.. what are you worried about? it sound the same as that when computerisation happened. Or the railway tracks were built. Removing the middleman helps both the farmer and the end customer. Supermarkets are part of urbanisation and foreign investments are part of globalisation. you cant turn away from both. And its good for the middle class in india, who otherwise get looted by the middleman.
Re: Re: Re: Re: False presentation
by Connan on Dec 06, 2011 07:27 PM
Riju his concerns are valid. case in point being America. before walmart came along america had a lot of mom and pop owned retail stores employing many people but once walmart took off they all had to close down. making the waltons billionires but reducing the people who once owned the stores to file for bakruptcy and work at 8 dollars an hour or less at walmart. India has a huge population employed in this sector. If a substantial portion of these are jobless then the very fabric of india will be threatned. Although we should look at allowing a limited number in the major metros without allowing them a free reign.
Re: False presentation
by shubha srinath on Dec 06, 2011 08:00 PM
You are absolute correct. We all will end up in the same old British Colonial era, and if this is allowed, this time no Gandhi can save us.
all thes countries are in gulf or in africa and non of them are in europe or north or south america, and not even in the eastern countries, except in the tiny singapore. So it is foolish on the author's side to generalize concept showing these countries as examples
Re: THESE ARE NOT CORPORATIONS THAT bring profit back to india
by D S on Dec 06, 2011 04:13 PM
continued .. neither are these desi shops registered in Indian stock exchange unlike all videshi corporations.
Re: THESE ARE NOT CORPORATIONS THAT bring profit back to india
by Riju Jose on Dec 06, 2011 05:51 PM
Yes.. Actually that is true. None of these companies are listed in India. Thats really good point, coz wall-mart is going to take the profit back to US.
May be coz it took time for India to embrace the supermarket culture.
Your govt is saying FDI will allow Indian farmers to earn more money since foreign malls will buy goods directly from farmers. My questions are: 1. Is there a law in our constitution that forces Indian malls to buy farmer's goods through middlemen and not directly from farmers?
2. Are foreign malls doing charity by selling goods at lower prices than Indian malls? Please provide the economics here, how can foregin malls sell cheap and still earn profit?
3. Does FDI mean American malls in India and not other way round? Why is it in only one direction?
4. Wallmart obviously will pay income tax to US govt which it will use to give more subsidies to US farmers. Is this not at the expense of Indian consumer's money?
5. Why at all we need FDI in retail? Our businessmen are richest in the world, can't they open their shops?
6. If there is need for more malls, why don't you create policies that will help young Indian entrepreneurs launch their own malls?
I strongly suspect this Congress govt has secretly made a deal with US for some benefit, a big corruption maybe happening here.
Re: Mr PM Please educate me on this matter
by Connan on Dec 06, 2011 10:12 PM
Actually the entry of Big corporations into retail does exactly the opposite to farmers income as they are squeezed more and more in the relentless drive of the corps to make higher profits. and if one or 2 corps start controlling the market then they start monopolizing. contrary to what people believe american farmers actualy live a hand to mouth existence due to this very reason.
All are in Dubai except few here & there. That's not worth an argument for not allowing, they were homegrown in that country not exported from India to those country.
These so called king are just fuderies.Can the Author expain on what yard stick he comapred these so called kings with Wal-mart? If you ristrict FDI's to sell only Indian product, I don't think anybody will object to it.People are smart engough to undestand difference b/n marketing Indian products with that of almost unresrticted import.
We have Walmart pouring money into Indian newspapers and magazines to write good about FDI in retail. Most of these journalist are writing paid articles. The only thing they care about is money in their pocket not the good of the people.
Re: retail
by Connan on Dec 06, 2011 10:15 PM
Coca cola and pepsi are categorized as junk food in the west. directly responsible for the 60% obesity in the some southern states of America.
