Is it true that if companies like Walmart come to India, they will kill small scale retailers (by offering products below cost price initially) and then set a monopolistic pricing strategy once they’re gone?

It is true. Just look at what has happened in America. It is going to happen to India. There will be no small scale retailers once these companies get a foothold in India.

Edit: I  don't think any good can come out of allowing these companies to  destroy our market. It is going to happen. They have more money than  most of us can ever count. They will go to any lengths to destroy the  current market and establish themselves.

Moreover, these  companies don't have the slightest honesty when dealing in India. I  never shop from these stores because of the way they treat customers  like criminals. They check your bag. Most of their offers have caveats  that are never disclosed. They don't keep any change less than 10 Rs and  give you toffee for ten rupees. I just hate these practices by these  companies.

Moreover, the buying habits of people are already  changing. I can tell you it is very common for people from my extended family to do  grocery shopping of Rs. 2,000-3,000 when shopping in these big stores,  whereas previously they would never shop more than Rs. 500-600 in one go.

See question on Quora

I like to blog about various topics ranging from education in IITs to social issues in India and US. All opinions and views presented here are my own and not of my employer.

Leave a Reply