Learning Chinese lessons

There has been a tremendous hue and cry recently about the government’s decision to allow 51% FDI in the retail sector. There seem to be four major reasons for the government to allow this FDI, namely, job creation, consumer savings, better prospects for farmers, and reduced wastage of food products. In other words, proliferation of large organised retailers such as Walmart, Tesco and Carrefour in the Indian market will result in increased employment, consumer savings, prosperous farmers and reduced food wastage.

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