I enjoy following the debate about India, and the pros and cons of FDI - foreign direct investment.
It seems people want the convenience of a wide variety of fruits, vegetables, groceries and household goods all under one roof, like Tesco or Wal-Mart and such supermarkets.
Maya Sharma on NDTV covered a local grocery store in Bangalore, which is close to a supermarket. Since the supermarket was built, the little stores monthly income has halved.
In England, the situation is this : when a supermarket opens, the little stores are bound to suffer. But the good thing about England is the social welfare safety net they have here. Shop-kepers who don't have an adequate income can sign on for Income Support and Housing Benefits.
In India, the social welfare system does not seem to provide much.
The shop-keeper whose monthly income has halved has to suffer in silence, and try to exist on the reduced income.
That is the main bone of contention against FDI.
The Indian government will have to establish some kind of social welfare net for people before the idea of FDI gains more support.
Let me know your views.