NO FDI in retail sector !

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Much awaited FDI in retail is again in abeyance and If commerce minister Mr. Kamal nath to be beleived, there seems no sign of nod for the FDI in retail sector until its going to create technological advancement and betterment of indian workers at large scale.
Indian retail sector is one of the booming sector in India of late and Foreign giants have already having close watch on the indian govt's move on the issue.
The big players in the retalil like wallmart have already expressed their willingness to take on the indian players which are blossoming and gathering momentum lead by Pantaloons group and the likes.
Now the statement of Mr. Kamal nath is a move which can shatter the dreams Foreign investors.
If the FDI in retail is allowed it will give consumers of India a wide option to choose from and the healthy competition will sure make the sector as buyers market. This will wrk like it has wrked in other sectors so there is no need to be be sceptic. The move will ensure betterment and it will generate employment opportunities.
However, the small players in the field may get adversely affected and consequently there may be shortage of some unskilled employment. Also the technology stagnation is the area to be concern. sinnce the fibished good r nt going to evolve the technology.
Till date only the single brand retail has been allowed . now it will be interesting to see the move of Indian govt. in days to come , which will decide the future of indian retail sector.

AMit