Walmart Deal Would be a Colonial Style Deindustrialisation of the Economy

Shyam Bihari Misra (Bharatiya Udyog Vyapar Mandal) talks about how the current BJP government’s approach towards FDI is not at all in the interest of the people of this nation.
Prof Prabhat Patnaik (Jawaharlal Nehru University), argues that ‘consumers are not a distinct identity from local producers who will be displaced by cheaper imports. With the control of the Indian market by two multinational retail giants, we will see two distinct processes of deindustrialisation; one of local traders and the other of local producers’.

Parminder Jeet Singh  (IT for Change) talks about the implications of the Walmart-Flipkart deal in the context of the large amounts of data involved, as well how it will affect both customers and producers.

                                                             

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