Given the debate that’s raging over opening the retail sector to foreign direct investment, here are the arguments in favour and against it.
FOR:
1. Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front end retail.
2. At least 10 million jobs will be created in the next three years in the retail sectors.
3. FDI in retail will help farmers secure remunerative prices by eliminating exploitative middlemen.
4. Foreign retail majors will ensure supply...