Tags

,

In a complete U-turn from its earlier position, the BJP Government has decided to approve up to 49% FDI in multi-brand retail, which it has strongly opposed while it was in opposition. This will be routed through Foreign Portfolio Investment (FPI). The MNCs and Corporates have got such influence on the BJP Government, so that  within one year, the BJP was compelled to completely change its line of opposing the FDI in multi-brand retail and surrendered to the dictates of the powerful lobbies. This decision will result in the MNC giants like Walmart, Carrefour etc. to capture the Indian retail market, thus destroying lakhs and crores of small shop-keepers.