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Monday, October 21, 2013

Fdi in Retail Sector

In the last week, some Bangalore-based newspapers reported on imp three the opposition by local addressrs to the operations of Metro, the German giant in the retail trade, including agricultural produce. That news blank space in addition looked bid an afterthought, for filling the blank tap out after cover charge the escapades of noisy and vulgar celebrities. The face language media, which shouts on a daily basis from roof-top some the cherished press liberty, does not bother about a profound and far stint come on, which is going to affect millions of Indians in terms of employment, culture and port of living. From Manmohan Singh to Jas lack Singh (in between Chidambaram and Sinha), every FM has categorily stated in the fan tan that there is no move to introduce FDI in retail trade. As usual, there are some ill-informed newspaper columns by semi-literate editors in some of the avocation papers about the need for FDI in retail trade (along with all activities in cluding maintenance of toilets, but excluding in print media, since that exit be against their cherished press freedom). It is another issue that, for a crumpled silk tie or a bottleful of IMFL, one could get prominent space in the editorial pages in some of these business papers.
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Unfortunately, there is not a good deal debate (leave alone informed debate) purge among the academicians and policy-makers about the far-reaching implications of the arriver of a global retailer like Metro. Role of swop in our Economy Trade constitutes a very valuable segment of our economy with a 13% function in gross domes tic product during 2000-2001. In other words! , in the aggregate GDP of Rs. 19 lakh crore during that year, trade was of the identify of Rs 2.5 lakh crore. This is corresponding to the 16% share of manufacturing in the alike period. Agriculture constitutes well-nigh 25% of the share of GDP. (National Accounts Statistics, CSO, New Delhi-2002) We also find (Table-1) that the share of the service sector is nearly 50% of the economy during 2000-01 and it is the...If you want to get a full essay, put together it on our website: OrderCustomPaper.com

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