Late last month, as part of a push to modernize his nation’s notoriously inefficient retail economy, Prime Minister Manmohan Singh announced that for the first time big foreign companies like Wal-Mart and the British company Tesco could open retail stores in India. Until now, foreign companies have been restricted to serving only as wholesalers in India. That has already helped create more modern distribution networks, often while generating better prices for farmers and other producers, and giving customers better deals, too.
IMO, it opens up competition in the retail sector and gives consumers more choice. So bring it on, Walmart.
