Online shopping is the real threat to small shopkeepers

Faced with opposition from its own allies like Mamata Banerjee, the government has shelved its proposal to allow Walmart and other multibrand foreign retailers to have majority stakes in Indian hypermarkets. Critics have accepted the bogus claim that foreign retailers will kill small Indian shopkeepers.  In fact, the Walmart model is a 20th century concept that’s rapidly becoming obsolete in the 21st century. Internet shopping now threatens the hypermarket, which may survive in small towns with low land prices, but looks doomed to becoming a minority player.

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