Where a huge dispute is going on for FDI in Retail Industry in India, a Baniya is still using its smartness in looting the Aam Aadmi. The 50 million traders on strike last week exceeded India's entire organized labour (around 30 million). Shopkeepers simply cannot be called unorganized or poor. In my local market, shopkeepers say that even the smallest shops are worth a crore. Today the unorganized Retail Sector is continuously saying that their business will come to an end due price-offs by Global Ratailers, but no one says we will improve our services and offer low prices to the common man so that he can get rid off the inflation. Dominated by banias, some of the small shopkeepers are notorious for cheating customers through adulteration and fiddled weighing scales. They are also notorious for evading sales tax and income tax. The politicians who oppose foreign retailers are promoting the Bania against the Aam Aadmi. Because politicians always woo vote banks and financiers. Banias constitute a highly organized vote bank (totaling 50 million in last week's bandh).
In today's situation when India has the fiscal deficit of around 74% and Aam Aadmi is getting grilled in inflation, Retail FDI becomes the most important issue to cope up this situation. So, Baniya need not to worry, they have even better opportunities to improve themselves and being competitive.
In today's situation when India has the fiscal deficit of around 74% and Aam Aadmi is getting grilled in inflation, Retail FDI becomes the most important issue to cope up this situation. So, Baniya need not to worry, they have even better opportunities to improve themselves and being competitive.
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