India's decision to open up retail markets will revolutionize the shopping behavior of Indian's - some people are happy, but many fear the consequences. Definitely this move is not without opposition in parliament.
Big giants like Tesco, Walmart and Carrefour have opened in many countries across the world, including in China, Russia and Brazil. Until now, in India; they were not allowed to sell directly to shoppers - but all that is set to change.
Economist Mohan Guruswamy of the Centre for Policy says "The average Wal-Mart store will displace 11,200 people and replace them with 285 people. That's our calculation in a study that we have done" ; which will affect the poor people.
"We have a policy which is distinct and different. This policy is specific to India's complexities, social structures and needs of our people."
The policy is an executive decision and does not need parliament's approval.
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