No Indian Wal-Marts
A very interesting article in Fortune about retail merchandising in India. This article assumes more importance, because of the impending arrival of Walmart into India.
But those companies’ stores, ubiquitous in other countries, are nowhere to be found in India, thanks to restrictions on foreign investment. Even the promise of lower prices and more efficient supply chains isn’t enough to offset the political power of India’s 12 million shopkeepers, who account for 97 percent of the country’s $258 billion in annual retail sales. Or the muscle of large Indian companies that have recently realized the potential of moving into retail and are urging the government to slow down reforms that would open the sector to foreign competition.
Read entire article here