What is retail? :
What is retail?
MAIN ISSUES :
MAIN ISSUES How do consumers, producers and the government benefit with entry of retail giants like Wal-Mart?
If allowed entry, is there any player in India which can match the onslaught of these giants? ?
BENEFITS :
BENEFITS Technological benefits
-Bar code
-Retail link
-Radio Frequency Identification(RFI)
Lower Prices
Revenue to government
NEGATIVE ASPECTS :
NEGATIVE ASPECTS Unemployment
Change in consumption pattern
Increase in trade imbalance
Traffic jam and congestion
GREY AREAS :
GREY AREAS Job losses
Average daily wages
Average working hour
Growth of small & medium enterprises
CONSIDERED APPROACH :
CONSIDERED APPROACH Government should impose regulations such as:
#Zoning
#Sourcing
#Back-end Investment
WIN-WIN FOR ALL :
WIN-WIN FOR ALL Big retailers -Expansion
Government - Revenue
Small & Medium - Growth
Enterprises
Traditional retailers - Technology
Slide 9:
THANK YOU