Companies like reliance, wall mart and TATAs are all set to bring full featured retail outlets in India .. good thing as a service but are we ready??? Well, Countries like USA or UK or Arabs are so strong economically that they hire people to work for them but in India we have unemployment and illetracy in first place how can we give someone permission to kill all the local shops in one blow!!! and make our poor country more poor its like Bigger fish eating the smaller ones !!! I wonder if there one retail mall fails to kill earnings of 500 local shops in various categories of your town... u may be one of them !!! think how wdverse this may be... a chain of malls in thousands over india having stocks which cant be thought of and so price of purchase can be so low that their selling price may also be as low... true the customers will benifit but where will we earn from ???? where is secured economy as in teh time of Indira Gandhi... is this Globalisation?? Mr. PM, FM of India Help us
2006-12-24 19:19:49 · 9 answers · asked by silent_words_peaceful_world 2 in Business & Finance ➔ Corporations
This may not work out in India.
For one, we do not have large sized refrigerators like in the U.S. So buying in bulk and storing the items cannot be done. People prefer to buy from the nearby shops things that they require immediately rather than stocking up on things.
Remember Walmart had to close down in Korea just for this reason. Also, the average size of the Indian home is much too small for bulk purchase and storing.
It just won't work out here.
2006-12-25 17:28:35 · answer #1 · answered by Longfellow 3 · 0⤊ 0⤋
The fear of domestic retailers is not false, in United States Walmart has resulted in closure of many small chains of retailers and moms-pops stores. But what is the reason? Is it only because they are big, and buy in quantity thus sell cheaper? That is not fully true. First of all, the big players like Walmart drive out mediators, in may cases, they provide seeds to the farmers, and promise to buy all the produce at a specific rate before even cultivation. This is win-win situation for farmers as well as these big stores. These stores need to have same quality across the chain of stores, that is why they need to provide there own seeds. For farmers it is good because these stores pay far more than those mediators who make real profit and farmers get a very small piece of cake. Many of these retailers who are crying today, don't sell on bill, thus stealing VAT/Sales/Income taxes, however, these big stores like Walmart cannot do that. Thus government gets more revenue. All the transactions made by these stores are accounted thus neither these stores, nor the other party can steal taxes. When IKEA was opened in the city where I live, they provide employment to 2700 people, and I am not sure how many people got indirect employment. So these stores are not only resulting into job loss, but also job creation. And the another most important thing, after farmers, the end user the consumer is expected to get benefited. I think we live in an era of open market, we should come out of the mentality of 1960s. We should let them come in, and compete. Our retailers will either reduce their profit and sell at cheaper rate, or merge with them, or go out of business. I don't think government should control this.
2016-05-23 05:18:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, India Ready 4 retail Culture, Its Prove By Rel. & Wall Mart Here also Best Sales Master , & Forthcoming Future India Top On The World. If U Think Ur Business In Indian Mrt. Its Best Opportunity 4 U...!!!
2006-12-24 19:29:25 · answer #3 · answered by anilexi 2 · 0⤊ 0⤋
change is always welcomed. We have successful chains like Adanis in Gujarat and Subeshaka in South. Adani started their chain of department stores some 6 to 7 years back when the concept of buying form a Department stores was at its grassroo level. People accepted them and welcomed the change in buying concept and today Adanis are having 56 department stores across Gujarat, which Reliance is negotating to buy. So I feel India is ready for retail culture.
2006-12-26 21:44:51 · answer #4 · answered by vidhya R 1 · 0⤊ 0⤋
So what do you suggest, that when the rest of the world puts it best foot forward, Indians should take a step back and keep the economy just where it is now??
2006-12-24 19:25:22 · answer #5 · answered by dexter_theboygenius 2 · 0⤊ 0⤋
i agree wid u ..wt abt te traditional kirana shops???...te retailers,te distributors,te wholesalers...??....te whole chain is goin to b destroyed.all these middle men r goin to b destroyed in te near future.....i also agree tt te employement opp. will increasebut 4 te youth.whr r u going to put these old men,te local store owners n distributers,who have never worked under anybody? they all say these big players r not goin to affect te traditional shops but they never say how is it not affecting...IT IS...can't they clearly see tt..
2006-12-24 23:41:17 · answer #6 · answered by lopa 1 · 0⤊ 0⤋
mujhe premchand ki kitaben padne ke alava koi rasta nazar nahi ata. especially godan ,even some short stories.
2006-12-24 19:45:02 · answer #7 · answered by srishti a 1 · 0⤊ 0⤋
india is ready.
and it's not destruction..it's progress.
welcome it.
2006-12-24 20:01:48 · answer #8 · answered by ravish2006 6 · 0⤊ 0⤋
we welcome all changes
2006-12-24 19:22:06 · answer #9 · answered by ashishmulye 3 · 0⤊ 0⤋