Ok...... But I think india is a great market for decades to come for most of the European and American companies.(depression stuck) ....... I take your word that walmart is shit.... But many a great companies will come too...... It's gonna be great. And even walmart maybe be better than pure Indian 'lala ki dukaan '
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Amazon Deals - ToS - Like us?
51 percent foreign direct investment in multi-brand retail now allowed in India
- Thread starter Sushubh
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don't know if ppl hate it or not .. But at the peak of meltdown they were turning to walmart only cos they were offering things at cheaper rate ..Sales for walmart in fact increased at the time of global meltdown in 2009 ..Anyways they won't be any different to the supermarts we see currently in India like More, Big Bazaar etc ..Ladies will still prefer buying vegetables and fruits from roadside vendors or the from gali mein aane wala bhaiya ..
D
Deleted member 13033
i am not sure. i guess we would only find out in the next couple of years.
places where wal mart cant come small retailers will be safe other they would be gon..
places where wal mart cant come small retailers will be safe other they would be gon..
mehrotra.akash
Regular
because people here think that walmart is great.
most americans hate walmart.
I dont think they have experienced our small stores and mandis
If walmart,etc do come, I hope they are better than Big Baazar atleast
most americans hate walmart.
I dont think they have experienced our small stores and mandis
If walmart,etc do come, I hope they are better than Big Baazar atleast
Actually companies like walmart were hoping for the 51% FDR to go through last year itself... Walmart had already started discussions with various property agents(read dalals) for acquiring land for lease... One of my Dad's acquaintance approached us on walmart's behalf for a property we own, they were interested in... This was last year... But last I heard they postponed their plans due to the 51% FDR not being passed... BTW walmart already present in the Indian market in a small way... They have 2 wholesale stores in Punjab(Amritsar & Jalandhar) operating since quite some time... These are in partnership with Bharti retail... Anyway if I was given a choice I would prefer Costco to come to India , which sadly they wont 
... Another company I m excited about coming to India is Amazon...PS My exp during my brief 3 month stay in Toronto was walmart has a lot of cheap items but coz of their economic situation a lot of the better brand products were available for same price or much less than the cheap Chinese stuff at walmart... My brother who stayed for 2 years in toronto was of a similar view & during his whole stay in canada he hardly went to walmart 3-4 times...
... Another company I m excited about coming to India is Amazon...PS My exp during my brief 3 month stay in Toronto was walmart has a lot of cheap items but coz of their economic situation a lot of the better brand products were available for same price or much less than the cheap Chinese stuff at walmart... My brother who stayed for 2 years in toronto was of a similar view & during his whole stay in canada he hardly went to walmart 3-4 times...Indian Retail Market is supposed to be worth 1.3 trillion dollars in next 10 years.No wonder Amercian retail giants want a piece of the cake.They are here to make money.Like all retail giants they give you the impression that they offer everything cheap.
Wal Mart: The High Cost Of Low Price- Full Length Documentary - YouTube
don't know if ppl hate it or not .. But at the peak of meltdown they were turning to walmart only cos they were offering things at cheaper rate ..
Sales for walmart in fact increased at the time of global meltdown in 2009 ..
Anyways they won't be any different to the supermarts we see currently in India like More, Big Bazaar etc ..
Ladies will still prefer buying vegetables and fruits from roadside vendors or the from gali mein aane wala bhaiya ..
walmart can offer products at cheaper price as they sell in enormous quantity , which will directly affect all the other shops around it , which cant compete WM`s pricing. Supermarkets have greater flexibility in pricing due to this , some years down the road , these supermarkets would have put many small business near them to close and these supermarkets will be the monopoly.. It will be a boon from a customer POV. there are also studies which states that for every 2 person WM employs , 3 people become unemployed.
FRom the study (link given above)
The findings from this review include the following:
1. Wal-Mart’s Economic Impacts: Net Loss of Jobs, Fewer Small Businesses
• Wal-Mart store openings kill three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter.
• Wal-Mart’s entry into a new market does not increase overall retail activity or employment opportunities. Research from Chicago shows retail employment did not increase in Wal-Mart’s zip code, and fell significantly in those adjacent.
• Wal-Mart’s entry into a new market has a strongly negative effect on
existing retailers. Supermarkets and discount variety stores are the
most adversely effected sectors, suffering sales declines of 10 to 40%
after Wal-Mart moves in.
• Stores near a new Wal-Mart are at increased risk of going out of
business. After a single Wal-Mart opened in Chicago in September 2006,
82 of the 306 small businesses in the surrounding neighborhood had
gone out of business by March 2008.
• The value of Wal-Mart to the economy will likely be less than the value of the jobs and businesses it replaces. A study looking at the estimating the future impact of Wal-Mart on the grocery industry in California found that, “the full economic impact of those lost wages and benefits throughout southern California could approach $2.8 billion per year.”
• Chain stores, like Wal-Mart send most of their revenues out of the community, while local businesses keep more consumer dollars in local economy: for every $100 spent in locally owned businesses, $68 stayed in the local economy while chain stores only left $43 to re-circulate
locally.
2. Wal-Mart’s Costs to Taxpayers
• Wal-Mart has thousands of associates who qualify for Medicaid and other publicly subsidized care, leaving taxpayers to foot the bill. For instance in Ohio Wal-Mart has more associates and associate dependents on Medicaid than any other employer, costing taxpayers $44.8 million in 2009.
• According to estimates, Wal-Mart likely avoided paying $245 million in taxes 2008 by paying rent to itself and then deducting that rent from its taxable income.
• Wal-Mart has admitted a failure to pay $2.95 billion in taxes for fiscal year 2009.
3. Wal-Mart’s low paying jobs contribute to the decline of the Middle Class
• Median household income declined by 1.8% nationally and 4.1% in New York City in 2009. This decline will be exacerbated by low paying Wal-Mart jobs.
• Wal-Mart’s average annual pay of $20,774 is below the Federal Poverty Level for a family of four.
• A Wal-Mart spokesperson publicly acknowledged in 2004 that, "More than two thirds of our people... are not trying to support a family. That’s who our jobs are designed for.”
• Wal-Mart’s 2010 health care offerings have a high annual deductible of $4,400 which means a family would have to spend $5,102 of their own money on health care before Wal-Mart’s insurance pays anything. Based on the average salary of a Wal-Mart employee this payment represents almost 25% of their annual income.
Here is some discussion on this issue India moves closer to opening up supermarket sector | Reuters : india
don't know if ppl hate it or not .. But at the peak of meltdown they were turning to walmart only cos they were offering things at cheaper rate ..
Sales for walmart in fact increased at the time of global meltdown in 2009 ..
Anyways they won't be any different to the supermarts we see currently in India like More, Big Bazaar etc ..
Ladies will still prefer buying vegetables and fruits from roadside vendors or the from gali mein aane wala bhaiya ..
walmart can offer products at cheaper price as they sell in enormous quantity , which will directly affect all the other shops around it , which cant compete WM`s pricing. Supermarkets have greater flexibility in pricing due to this , some years down the road , these supermarkets would have put many small business near them to close and these supermarkets will be the monopoly.. It will be a boon from a customer POV. there are also studies which states that for every 2 person WM employs , 3 people become unemployed.
FRom the study (link given above)
The findings from this review include the following:
1. Wal-Mart’s Economic Impacts: Net Loss of Jobs, Fewer Small Businesses
• Wal-Mart store openings kill three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter.
• Wal-Mart’s entry into a new market does not increase overall retail activity or employment opportunities. Research from Chicago shows retail employment did not increase in Wal-Mart’s zip code, and fell significantly in those adjacent.
• Wal-Mart’s entry into a new market has a strongly negative effect on
existing retailers. Supermarkets and discount variety stores are the
most adversely effected sectors, suffering sales declines of 10 to 40%
after Wal-Mart moves in.
• Stores near a new Wal-Mart are at increased risk of going out of
business. After a single Wal-Mart opened in Chicago in September 2006,
82 of the 306 small businesses in the surrounding neighborhood had
gone out of business by March 2008.
• The value of Wal-Mart to the economy will likely be less than the value of the jobs and businesses it replaces. A study looking at the estimating the future impact of Wal-Mart on the grocery industry in California found that, “the full economic impact of those lost wages and benefits throughout southern California could approach $2.8 billion per year.”
• Chain stores, like Wal-Mart send most of their revenues out of the community, while local businesses keep more consumer dollars in local economy: for every $100 spent in locally owned businesses, $68 stayed in the local economy while chain stores only left $43 to re-circulate
locally.
2. Wal-Mart’s Costs to Taxpayers
• Wal-Mart has thousands of associates who qualify for Medicaid and other publicly subsidized care, leaving taxpayers to foot the bill. For instance in Ohio Wal-Mart has more associates and associate dependents on Medicaid than any other employer, costing taxpayers $44.8 million in 2009.
• According to estimates, Wal-Mart likely avoided paying $245 million in taxes 2008 by paying rent to itself and then deducting that rent from its taxable income.
• Wal-Mart has admitted a failure to pay $2.95 billion in taxes for fiscal year 2009.
3. Wal-Mart’s low paying jobs contribute to the decline of the Middle Class
• Median household income declined by 1.8% nationally and 4.1% in New York City in 2009. This decline will be exacerbated by low paying Wal-Mart jobs.
• Wal-Mart’s average annual pay of $20,774 is below the Federal Poverty Level for a family of four.
• A Wal-Mart spokesperson publicly acknowledged in 2004 that, "More than two thirds of our people... are not trying to support a family. That’s who our jobs are designed for.”
• Wal-Mart’s 2010 health care offerings have a high annual deductible of $4,400 which means a family would have to spend $5,102 of their own money on health care before Wal-Mart’s insurance pays anything. Based on the average salary of a Wal-Mart employee this payment represents almost 25% of their annual income.
Here is some discussion on this issue India moves closer to opening up supermarket sector | Reuters : india
walmart can offer products at cheaper price as they sell in enormous quantity , which will directly affect all the other shops around it , which cant compete WM`s pricing. Supermarkets have greater flexibility in pricing due to this , some years down the road , these supermarkets would have put many small business near them to close and these supermarkets will be the monopoly.. It will be a boon from a customer POV. there are also studies which states that for every 2 person WM employs , 3 people become unemployed.
So you still want our country to run where 7-8 intermediates come in between seller & buyer.:snail: A country where 2 crore households(8-10cr people) sell goods to the rest of 25cr households(110 crore people), a ratio of 1:10. That's a very bad ratio from point of view of economics.:Read: We can't really call or make our country developed with such a bad supply chain can we.:qq:
Theory of evolution suggests that the weak must go of for the strong....:Storyteller:
So you still want our country to run where 7-8 intermediates come in between seller & buyer.:snail: A country where 2 crore households(8-10cr people) sell goods to the rest of 25cr households(110 crore people), a ratio of 1:10. That's a very bad ratio from point of view of economics.:Read: We can't really call or make our country developed with such a bad supply chain can we.:qq:
Theory of evolution suggests that the weak must go of for the strong....:Storyteller:
I am all for this ONLY if these retailers provide same quality of goods here as they do in EU and US. For example, apples you get in India are bright red from outside but from inside are mostly powder-ey and taste like cardboard with no juice. Where as even the lowest quality Apples I purchased in Sainsburys and Tescos in UK tasted perfect and juicy. The costliest apples there put me in 7th Heaven. The worst part was those apples had a sticker "Produce of India".Really tired of all the substandard shit sold to common Indian public by so called Baniyas.