Global snapshot: Indian protests over retail, fuel changes

By on
Global snapshot: Indian protests over retail, fuel changes

Shopkeepers’ livelihoods are under threat, say protesters against new government changes.

Australian small businesses might be grappling with the threat from online shopping, but over in India there’s a different crisis playing out.

A nationwide strike is reportedly on the cards this week, after the government announced sweeping reforms, including a fuel price increase and a decision to allow foreign companies of the likes of Walmart to invest 51% in Indian supermarkets.

The BBC is reporting that while Walmart already operates in India, the decision will allow the company to “sell directly to Indian consumers.” We recommend you read the BBC story in full here.

Critics of the decision say it will impact negatively on small business people.

Main image: An Indian employee of a costemic shop displays L'oreal products in Siliguri. (Photo: DIPTENDU DUTTA/AFP/GettyImages)

 

Copyright © BIT (Business IT). All rights reserved.
Tags:

Most Read Articles

You must be a registered member of Business IT to post a comment.
| Register

Poll

How long has your business been operating?
Up to 2 years
2-5 years
5-10 years
More than 10 years
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?