Saturday, 10 December 2011

CHANDIGARH ELECTIONS:FDI in RETAIL ISSUE

The election fever in Chandigarh MC elections is picking up and strangely the candidates have got involved in FDI in RETAIL ISSUE without understanding the subject and with misrepresentation of the facts. Firstly, the organised retail sector's share will only be 7-8% of the total retail from the present level of 3-4%. Out of the  total 40 million people who are dependent on Kirana  business, about 70% are helpers and employees who will get a chance of being employed in the organised sector with all the benefits of better environment, better perks and work culture. In addition they are consumers first who will reap the benefits of goods being available to them at cheaper rates at these stores. Also the competition will force these Kirana shopkeepers to reduce their prices. So the opposition to retail by some politicians is just a vote catching slogan which puts unwarranted and false fears into the minds of India's poor masses just to benefit their financial supporters. These very people will ultimately be rewarded with all the possible favours  and the poor of the country will just be taken for a ride and left to rot till next elections.

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