After a ban for the past 18 years, US lifted the ban on the import of the Indian Mangoes. The ban was reasoned for the hazardous pesticides used by the Indian farmers. The ban is lifted altogether for a different reason. India would pave way to the Harley Davidson bikes to enter the Indian market.
Well, this seems to be the step towards relaxing the regulations governing the entry of foreign retailers in the Indian Market.
Why is this all happening now?
#1 India's consumer goods market has the potential to reach $400 billion by 2010, making it one of the five largest in the world after the United States, Japan, China and Germany.
Well, this seems to be the step towards relaxing the regulations governing the entry of foreign retailers in the Indian Market.
Why is this all happening now?
#1 India's consumer goods market has the potential to reach $400 billion by 2010, making it one of the five largest in the world after the United States, Japan, China and Germany.
#2 India will soon surpass China to become the world's most populous country.
#3 U.S. and India have deepening the trade ties since US finds India to give one of the best ROI.
Is this a good sign?
It would be a grave threat for the small Indian retailers. But this will of course do good to the Indian customers giving them more options to choose from and the price wars between the national/multi-national companies would ultimately help the customers. Healthy competition is good for the consumers.
http://www.whitehouse.gov/news/releases/2006/03/20060302-5.html
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