Retail in Asia

In People

FDI in India’s retail: Expert doubts potential for job creation

The expected job creation following the opening up of the retail sector for FDI will be doubtful, says Sukhpal Singh, Chairman, Centre for Management in Agriculture, IIM-Ahmadabad.

He said that unless there are interventions on the part of the government such as setting up Fair Trade Commission to regulate FDI players, protection of the traditional retailers, encouragement of contract farming, and reforming the agricultural produce market committee markets, the policy of allowing multinational corporations in India in the retail business will be against the interests of millions.

According to M. Jayaprakash, State General Secretary, Kerala Vyapari Vyavasay Ekopana Samithy, FDI in retail would lead to monopolisation of the retail sector by the transnational retail chains.