FDI in Retail to dismantle local shops?

Hyderabad, MAY 13: We know that union government has allowed 49 % FDI in Multiple Brand Retail category in India in 2012.

In 2016 Modi Government has made further simplification for foreign investors to invest in Single Brand Retail by allowing 100 % FDI.

Currently, the government is planning to allow 100 % FDI in E-commerce, Food Products. But the Retail merchants are divided over the effect of allowing foreign investment in India.

Some of their concerns are

* The small shop owners may not stand in the race when big giants enter the market.

* Availability of capital and resources may be decreased for small retail shops.

While some other retailers say that

* It will help local retailers to organize themselves.

* This may help the industry.

We know that E-commerce has helped the retail industry in a similar way FDI will help by creating employment to the youth.

Finally, the government must take steps in such a way that both Indian and foreign shops must be at the same level playing field.