Farmers open to FDI in retail

The maligned and almost comatose United Progressive Government's decision to allow 51 per cent FDI in multi-brand retail has kicked up a huge storm. The biggest argument against it is that the entry of foreign retail giants such as Walmart and Carrefour, will wipe out millions of kirana shops all over India. There is also much breast-beating about how the many layers in the delivery of farm produce to our markets, providing employment and sustenance to millions more, will get wiped out as the big bad foreign wolves (Walmart and company) will buy directly from the farmers.

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