FDI in Retail
The present Government proposal to allow FDI in retail does not factor in the fundamental reality which stares in the face that over the next few years, while a million new jobs will be found, there will be larger numbers that will end up jobless without any compensation!
Unless, therefore, there is a sovereign assurance that the traditional traders will be protected in their endeavours, there can be no consensus of any sort. Any change-agent must factor in the special structure of our society, before attempting to be copy-cats of western ideas.
K.V.Narayanmurti
Advocate
Visalakshy
New Kalpathy
Palakkad,
Kerala 678003