New Delhi, India -- (SBWIRE) -- 03/26/2012 -- As a meticulous law firms in India, globaljurix.com is working in different areas of corporate body, trademark, taxation, establishes of company etc.

The closed economy of India was opened in 1991 and since then almost every sector has been exposed to the foreign direct investment leaving few sectors and retail sector is one of them. The retail sector provides employment to about twenty-two crore people of India and is the second biggest field which absorbs persons after agriculture. It consists of different SME’S, hawkers’, vendors etc. Big MNC’S like Wall mart etc. are waiting to enter in the retail sector market of India.

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These big MNC’s have got both the things i.e., technique as well as resources. It will be difficult for the Indian retail sector giants to compete with these MNC’s then what to say about the small units engaged in this field. The entrance of the big players in this field with the fdi in india will impact the earning of small units in this field and they may be ruined in the long run. The fdi in India facilitate to accomplish some sure degree of financial steadiness, growth and expansion. This is a type of fear which is prevailing in the Indian retail sector.

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Now-a-days the government is planning to open foreign direct investment in Retail business. They have presented a bill for the same on the podium of lokshabha in this very winter session. The opposition including different parties is opposing the bill on the ground that the government presented the same without reaching on the consensus. They are saying that the government should must rollback its decision to allow foreign direct investment fdi in retail business in India as it hampers the livelihood of many Indians. A big storm has been seen on the roads of different cities of India against the decision of government.

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We should see other aspects of this decision also. It will be beneficial for the consumers as the commencement of different big players in this field will finish the hegemony of present players. The consumer will get more and better options for the same product and also be obvious with fdi inbound and outbound. Also whole the world is converting in one village in this era of globalization and we should be ready and prepared for tough competition as it is inevitable and we can’t avoid it.

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Globaljurix.com importantly provides services to individuals or foreign investors who wish for doing business in india and give all kinds of legal supports in establishing business. They provide cost effective services and provide complete guidance in regarding of setting up business. One can get in touch with lawyers to find time to time help and services.

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