India
FDI IN MULTI-BRAND RETAIL NOT A PRIORITY
INDIAN CHAINS SHOULD GET SOME MORE TIME
2011-04-08 11:58
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Wal-Mart, the world’s largest retailer, is also one of America’s biggest importers. The retail giant contributes little to the US job market. On the contrary, its import of low-cost products and commodities from all over the world has taken away hundreds of thousands of American jobs and resulted in the shut-down of many ‘uneconomic’ US manufacturing facilities in the face of strong competition from those low-cost exporting economies.