You cannot fly like Eagle with the wings of Sparrow.
India has emerged as the fifth most favourable destination for international retailers, according to A T Kearney's Global Retail Development Index (GRDI) 2012. "India remains a high potential market with accelerated retail growth of 15-20 per cent expected over the next five years," highlighted in the report. The Indian retail industry is pegged at US$ 500 billion and is expected to reach US$ 1.3 trillion by 2020. In addition, the organised retail is expected to reach 25 per cent by 2020, as per the report of PwC. You cannot fly like an eagle with the wings of a sparrow. The much-awaited entry of foreign retail giants such as Walmart, Tesco and Carrefour into the $450 billion retail market has been allowed by Govt. through 51% FDI in retail sector. That's a welcome step and as an economist Mr. PM should have taken this step long before. Decision taking has been so easy for this Govt. but execution is stiff challenge. Needless to mention the Congr...