Wal-Mart hijacks the livelihood of small and medium retailers.
Its finally official after months of speculation. With Wal-Martís entry, the Indian retail industry is definitely feeling the pressure to answer this challenge.
Wal-Mart, the LARGEST CORPORATION in the world and even larger than the entire Indian retail market can displace lacks of small and medium businesses, farmers, hawkers, vendors and consumer cooperative stores. Their business model drives out competition and drives down wages and labor standards.
Even in country like US, thousands of small and medium businesses have closed down because of Wal-Mart's aggressive Low Price Strategy. Many workers are forced to work off the clock without getting paid, which is why workers in over 30 states across the US sued Wal-Mart and won!
Is Indian retail sector mature enough to face world's most powerful retail giant?
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