IS THIS STATISTICS REAL?
I could understand that given the limiting of opening of multi brand retail stores onlly in citites with more than a million population, which is about 50 dd and leaving about 25 due to oppostion from WB,Tamil Nadu, Gujarat etc, it is probable that present day kirana stores will be able to buy goods at discounted retail prices from these MNC stores to distribute them to rural and other urban settlements where the reach of these MNCs have been banned presently. To that extent probably there could be no loss of jobs. Kirana Stores provide the last mile connectivity in a vast country such as ours and unless the corporate wolves deprive them, they could benefit. But the creation of jobs is questionable. In countries which Sharma quoted, retail is not as large an employer as in India. Hence the ministers' claims could be a tall order. Investment in back end infra structure could also be fruitful but again druing this commerce, there will definitely be exposure of Indian Banks and Financial institutions in sanction of loans, guarantees to these multinationals. After all the 2G Awardees got loans pledging their licences. That is again money belonging to people. The india specific mandate to procure 30% goods from SMEs is supposed to be against the spirit of WTO. Such issues need to be clearly spelt out. We should have adequate safeguards before embarking in to relams of fantasy which is what the UPA_II government indulges in.
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