In the Mint, the Wall Street Journal’s English-language paper in India, TCS Daily Editor Nick Schulz argues that the battle between large retail chains like Wal-Mart and mom-and-pop stores in India’s retail sector will ultimately be to the benefit of India’s economy — including independent retailers. While some small stores will be driven out of business, the ones that learn to adapt to the new retail environment will thrive because of the efficiency gains pushed through by competition, he writes: . . . the current debate over the future of retail in India is too constricted. Opponents of big retailers […]
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