Dear friends,
A historical descicion has been taken by the Indian Cbinate in the favour of FDI Retailers. The companies like WALL-MART and CARREFORE are now given an ease to open thier retail stores in many more cities in INDIA.
Foreign retailers will now be allowed to open stores in cities that have a population of less than one million. Earlier, supermarkets could only come up in 53 cities. A relaxation was permitted only in case of states that did not have a single city with a population of one million. The move will allow stores to come up in cities such as Gurgaon and Aurangabad.
This descision is really going to change the living standards as well as GDP of India as well as it is going to eaffect the SME's. The things for common people is going to be changed and better in my opinion.
What you guys think on this put your views and make the common man think about the pros and cons of the descision.
Advert.