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How would FDI in multi-brand retail benefit you, the consumer?

How would FDI in multi-brand retail benefit you, the consumer?

Business Standard Mumbai

So, the UPA has one the first round on FDI in multi-brand retail. The Congress-led alliance says foreign investments in this space will boost the economy, besides helping the farmer get a better deal for his produce and offering a wider choice of goods at much lower prices for you, the consumer. The opposition says the small retailer will get killed, and when the big global players monopolise the business, they won't think twice before squeezing both, the farmer and consumer to boost their profits.

What is your take on this as a consumer? Do you think FDI in retail will benefit you in the long run, wor will you just end up being a slave to multinational interests?

 

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First Published: Nov 29 2012 | 12:55 AM IST