As opposed to what? In most of the mom and pop shops, the employees are paid a pittance.^ delivery boys earn 10k~20k per month. Even if these people are employed, their standard of living isn't going to be improved that much
My reason is that these online stores will displace far more people than they will hire as delivery boys. So many people without jobs as a resultAs opposed to what? In most of the mom and pop shops, the employees are paid a pittance.
The exception is the family owned and family run shops.
Just before traders congregated at the New York Stock Exchange on Wednesday, Walmart Inc. announced it will invest $16 billion (around Rs1.08 trillion) to buy a 77% stake in Flipkart, one of India’s largest e-commerce companies.
The US company’s investors weren’t impressed at all. Walmart shares lost around $8 billion in value on Wednesday, taking the total loss since April to $17.5 billion. It seems a large part of its Flipkart investment is already being considered a write-off by investors.
I no doubly support your opinions, but not worth debating in an online topic.. I am interested to know about your thoughts/opinions..^ you're wrong if you think they will buy from Indian sellers.
Wallmart / Amazon isn't going to buy from India. They will buy from China where it is 10x cheaper and dump it here for almost no profit and destroy local economy and shops.Expect lending rates of shops to decrease in 3-4 years. The same is happening in America. Most of local hardware / electrical / computer shops have gone out of business when such big corporations start selling to people at cheaper than shipping rates. Their local shops closed and people went in debt due to job losses. Even some areas the local realty rates fell down.
Even Ikea is planning huge country wide stores coming up in 2-3 years. If Costco or other wholesale retailers like them make an entry I'm expecting a big crash in housing rates and realty. It could take another 5-10 years or won't even happen. When ever I thought realty would crash, it increased even more and almost doubled in 2-4 years. Mumbai became land of crorepatis in just 5 years.
+1Always remember 1 thing in life if your quality is good then no company or cheap item can beat you or ur company. Provide best customer service and best quality. The customers would always stay loyal to you