18 Oct 2005

FDI In Retail

Prem Shankar Jha makes some points in this article. It would be a pity if the corner shops vanished. But will they really go a way once the big stores come, given the unique Indian context? Will Indians be able to manage once-a-week shopping from the big stores? Difficult to imagine that happening given our unique context. Bad roads, bad traffic, no one-car-per-family. We ourselves avoid shopping on saturdays and sundays as far as possible and our stores are located less than half-a-kilometer away. The rush is almost unbearable and we can't use our car because getting parking is impossible. But for durables - my better-half would travel half the city to get the best buy without doubt.

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