India Businessmen Went On Strike Thursday To Protest Their Opening Up To The Retail Market.

According to foreign reports, the whole country of India business Closing stores today market Support for strikes requires the government to withdraw the decision to allow foreign retailers such as WAL-MART to open outlets in India.

According to Bloomberg news, India's thousands of trade unions' nationwide strikes have increased the pressure of Manmohan Singh, and Singer's withdrawal from the opposition parties and political alliances has been made by Mohan Singh. policy The appeal was ignored. Opening up the retail market of $396 billion to foreign enterprises is the biggest change in the foreign ownership regulations in 6 years. It has triggered a political storm in the wake of Singer's plan to start the legislative agenda that has stagnated because of corruption.

"The strike has conveyed the anger and conflict of business in foreign investment," Praveen Khandelwal, Secretary General of Confederation of All India Traders, said in a telephone interview with the Secretary General of India's National Trade Federation. He said that Delhi, gudrera, Khanna Tucker and other states were involved in the strike, and the scope of the strike could not be immediately verified. Today, 90% of shops in the Karol Bagh market were closed on the morning. BMI (Business Monitor International) has predicted that the size of the family business shop as a mainstay of India's retail market will double by 2015. If the retail market is liberalized, they will be squeezed out of the market by foreign businessmen. Opposition parties such as the Singer administration, the India people's party and other political parties say that the decrease in employment is the main reason for their opposition. In the Karol Bagh market, Amarjit Singh, an electronic device and auto parts shop with 7 employees, said: "foreign companies have more resources and more money. I don't think we will go bankrupt, but it will be very difficult to operate." he also said he did not expect the government to change its mind.

India's commerce minister Sharma (Anand Sharma) said last week that foreign direct investment (FDI) would create 10 million jobs, reduce unsalable crops, ease inflation and create multiplier effects on economic growth. The Singer administration has been discussing the open retail market for several years. The decision triggered a eight day protest in Parliament and was forced to adjourn temporarily. Singer's largest political coalition, the tram National Congress and the equal party, also expressed their opposition. The senior officials and ministers of the Congress have recently held talks with their alliance partners.